Answer:
Step-by-step explanation:
<u>Given:</u>
- Investment P = £4900
- Interest rate r = 1.5% or r = 0.015
- Time t = 4 years
- Number of compounds per year n = 1
<u>Find the future amount:</u>
The solve for n would be 11
2 to the second power is 4 and 4x11=44
Answer:
yes
Step-by-step explanation: