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
Leya [2.2K]
4 years ago
7

Florence invests £200 for two years at 5% compound interest paid yearly. Liam says that the interest that Florence will receive

will be £20 is Liam right?
Mathematics
1 answer:
tatuchka [14]4 years ago
5 0

Answer:

No, Liam is wrong

Step-by-step explanation:

Amount invested by Florence = £200

Formula for compound interest = P * (1 + R / 100)^Time period

P = £200

R = 5%

Time period = 2

£200 * (1 + 5/100) ^ 2

=> £200 * 1.05^2

=>£200 * 1.1025

=> £220.5

So the interest = 220.5 - 220 = 20.5

20.5 ≠ 20

Therefore, Liam is wrong.

Hope it helps :)

Please mark me brainliest if my answer helped!

You might be interested in
Can anyone help me with this, i just want to make surr i have it right. (20-4)×12-6. Does it equal 96 or 186
expeople1 [14]

196, because 20-4 equals to 16 and 16 times 12 equals 192, and 192 minus 6 is equal to 186.

7 0
3 years ago
Read 2 more answers
- 3/5 + - 8/2 = in simplified way.
Artyom0805 [142]

Answer:-23/5

Step-by-step explanation:

-3/5-8/2

-3/5-4

-3+20/5

-23/5

7 0
3 years ago
Read 2 more answers
Need help with it I don’t know how to do it
mario62 [17]
Dkdnksskmsmsmsmsmsmsmsmsms D)
8 0
3 years ago
What is 12 divided by 8 as a fraction ( please explain)
marysya [2.9K]
1 1/2 or 3/2 because there is 4 more than 8 which is a half.
6 0
4 years ago
Read 2 more answers
1<br> The perimeter of a square is 40 yards. What is its area?
Makovka662 [10]

Answer:

100 yds^2

Step-by-step explanation:

To find the area of a square, we need to know the length of one side of the square.  Since the perimeter is 4 times the length of one side, or 4s, and since 4s = 40 yds, s must be 10 yds.

Then the area of the square is (10 yds)^2 = 100 yds^2.

8 0
4 years ago
Other questions:
  • Can you put 0.81,0.808,7/8/,and 4/5 from greatest to least
    7·2 answers
  • Angle 1 and angle 2 are congruent if angle 1 measures 64 what is the measure of angle 2
    10·1 answer
  • Using Accuracy and Precision
    13·1 answer
  • What is the lcm of 44 36
    6·1 answer
  • 1/3m + L is greater than or equal to 8 <br><br> solve the inequality for L
    12·1 answer
  • Help your girl out out!
    15·2 answers
  • A cooler contains sixteen bottles of sports drinks: eight lemon-lime flavored and eight orange flavored. You randomly grab a bot
    7·1 answer
  • Help I am stuck on this.
    9·1 answer
  • What is x=? I got part a but what does x=?
    12·1 answer
  • 3 out of 60 is what percent?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!