Answer:
the value of the investment after 3 years= £11,904
Step-by-step explanation:
sarah invests £9600 at a simple interest rate of 8% per year
number of years = 3
Formula for simple interest
I = P*n* r
P is the initial amount invested= 9600
r is the rate of interest = 8% = 0.08
n = number of years = 3
Now we find interest using formula
I = 9600 * 0.08 * 3= 2304
Interest amount is 2,304
Now we add the interest with the initial amount to get the value of investment after 3 years
9600 + 2304= 11904
Answer:
work is shown and pictured
Answer:
$34,300
Step-by-step explanation:
First, we need to find how much interest is earned in one month : 7,000 * 6.5% = 455
455 is how much you gain monthly, multiply that by 12 to find the annual interest so 455 * 12 = 5,460
You then multiply that number by 5 to find the interest of the span of the 5 years
5,460 * 5 = 27,300
You add the original number to the interest with 27,300 + 7,000 = 34,300 in the account
Answer:
Step-by-step explanation:
original functions:
Subtract the polynomials:
Distribute the negative sign:
Combine like terms:
Add like terms: