1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stealth61 [152]
3 years ago
5

1.£500 is deposited in a bank paying 2% compound interest per annum. What is the balance after 2 years?

Mathematics
1 answer:
Rashid [163]3 years ago
5 0

Formula for compound interest: A = P( 1 + r/n)^nt

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

^ = I used this symbol to present that a the number needs to go higher (see picture)

1. 500(1 + 2/100)^2 = 520.2

£520.20

2. 400(1 + 1.75/100)^2 = 414.12

£414.12

You might be interested in
Select all of the transformations that could change the location of the asymptotes of a cosecant of secant
77julia77 [94]

Answer:

phase shift and period change

Step-by-step explanation:

just did it

4 0
3 years ago
Read 2 more answers
Find an upper bound for E(h) the error of the machine approximation of the two-point forward difference formula for the first de
AlexFokin [52]

Answer:

I doubt it is not going to be a great

8 0
3 years ago
Need help asap! Pls
Stels [109]

Answer:

Step-by-step explanation:

The upper right angle is supplement to 130° and a corresponding angle to (3x + 5)

130 + (3x + 5) = 180

3x + 5 = 50

3x = 45

x = 15

8 0
3 years ago
Which expression is less than 3? 3 x 4/4, 3 x 15/8, 3 x 4/9, 3 x 1 1/8
pav-90 [236]

Answer:

3 × 4/9

Step-by-step explanation:

Remember that 4/4 is equal to 1, so 3 × 4/4 = 3

15 is bigger than 8, so we know that 15/8 is equal to 1 point something, you can find out the answer by a simple division, once you know the answer (1.875), you multiply it by 3, and get 5.625, this is larger than 3 so it is not the answer.

4 is smaller than 9, so we know that 4/9 is equal to 0 point something, again, we divide and get 0.444..., now we know that multypling something by 0 pint something is almost the same as dividing, so we can that this result is less than 3 (its 1.333).

1 and 1/8 is a mixed fraction so we know it is larger than 1, meaning that if we multiply it by 3, we will get a number larger than 3 (3.375)

8 0
3 years ago
Pls help<br>Solve 2/3x- 1/5&gt;1<br> ​
Juli2301 [7.4K]

Answer:

x > 9/5

Step-by-step explanation:

Step 1: Write inequality

2/3x - 1/5 > 1

Step 2: Solve for <em>x</em>

  1. Add 1/5 to both sides: 2/3x > 6/5
  2. Divide both sides by 2/3: x > 9/5

Here we see that any <em>x</em> value greater than 9/5 will work.

7 0
3 years ago
Other questions:
  • Find the vertex axis of symmetry graph both and tell me if it’s a minimum or maximum
    5·1 answer
  • Based on the current eligibility requirement, a study conducted in 2004 showed that federal spending on entitlement programs, pa
    5·2 answers
  • A triangular prism is shown. A cylinder is cut out of the center of the prism. The triangular base has side lengths of 14 and 10
    11·2 answers
  • I think I need to find x
    6·2 answers
  • Gabriel invested $77,000 in an account paying an interest rate of 3%
    9·1 answer
  • How do you solve - (4n + 5y + 6)
    11·1 answer
  • What is 1505 divieded by 60?
    14·1 answer
  • If you and your friends have 5 bananas each, and a monkey comes along and takes 3 bananas from each of you, how many bananas wil
    9·1 answer
  • I need help with Geometry
    11·1 answer
  • PLSSS HELP THIS IS HARD ANYONE
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!