Question

Help me as fast as you can make sure you show me how to work it out just type the answer

Answer 1

Answer:

to find compound interest

it is

p(1+r) ^n

p stands for principa

r is the rate (percentage)

n is the amount of years

820(1+3.5 ) ^ 5

100

chsnge the percentsge to a decimal and add it to 1.

820(1 + 0.035) ^ 5

820(1.035)^5

raise what is in the bracket to the power of 5 which is the amount of years

820× 1.19

=£975.80

im not good with simple interest,could someone else show her how to do it please