Step-by-step explanation:
1. use the equation
current amount X interest to the power of years
commpound interest is 2.3%
The starting value is £7900
So: £7900*1.023^5=£8851.26
Therefore, the answer is £8851.26 after 5 years of interest added
Hope this helps!!!
Have a nice day :)
1/5 is 2% or 0.2, therefor 2/5 is 4% or 0.4
Hello! here are the basic rules that you need to know to solve these problems:
a diameter is 2 × the radius
the circumference rule is 2×π×radius
I will solve the first question to show how to format.
1: 5/2=2.5
2×2.5×π=5×π=15.7
Answer:
Future value of a single amount
Step-by-step explanation:
Future value of a single amount - it is referred to as the amount of money that received after n year when money is deposit at the rate interest of i from the initial time. we can say that the total amount is the sum of principal money and interest value.
The formula used to calculate the Future Value of a single amount
Future value = Present value *[Future value factor]
Isolating the x^2 is the simplest way. it would only be three steps.
