The initial amount of the money is £11,000 and the interest is 3.9% per year for first 3 years and then 4.5% after that. If Dan invests it for 7 years, that means the interest would be 3 years of 3.9% and 4 years of 4.5%.
The calculation would be:
total money= initial amount * interestrate1 * interest 2
total money= £11000 *(100%+3.9%)^3<span>*(100%+4.5%)^4
</span>total money= £11000 *(103.9%)^3 * (104.5%)^4
total money= £11000 * <span>1.121622319 </span>* 1.1925186
total money= £14,713.11
Answer:
<h2><u>16840.8</u></h2>
Step-by-step explanation:
In mathematics, the discount is a type of reduction in the cost price of a product. Generally, the discount refers to the condition where the selling price of the product is less than the cost price of the product. The discount can be calculated by taking the difference between the cost price and the selling price. Thus, the formula to determine the discount is given as:
Discount = Cost price – Selling Price
<h3>Hope it is helpful...</h3>
Answer:
40.5 is what they are divided
Step-by-step explanation:
C. 25
——-
Divide 400/100=4
——-
Than divide 4/100
—-
