B is the answer to the question.
Answer: 1770 rupees
Step-by-step explanation:
To solve this, we first calculate the simple interest which will be:
= (P × R × T) / 100
= (1500 × 9% × 2) / 100
= (1500 × 0.09 × 2) / 100
= 270
The total amount tha she'll get will be:
= 1500 + 270
= 1770 rupees
Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
