Invested amount (P0 = £6000.
Rate of interest (r) = 3.4% = 0.034.
We know compound interest formula
A = P(1+r)^t
We need work out the value of his investment per year.
So, we need to plug t=1 and plugging values of P and r in the formula above, we get
A = 6000(1+0.034)^1
A = 6000(1.034)
A = 6204.
<h3>Therefore, the value of his investment per year is £ 6204.</h3>
Now, we need to work out the value of his investment after 3 years.
So, we need to plug t=3.
A = 6000(1+0.034)^3
A = 6000(1.034)^3
1.034^3=1.105507304
A = 6000 × 1.105507304
A = 6633.04
<h3>Therefore, the value of his investment after 3 year is £ 6633.04.</h3>
Answer:
60 feet of fencing
Step-by-step explanation:
Let x feet be the width of the garden plot, then 2x feet is the length of the garden plot.
The area of the garden plot is
Find the perimeter of the rectangular garden plot:
