The amount in an account for a principal P saved at compound interest for a period of n years at an annual rate of r% is calculated using the formula:

$A(n)=P(1+r)^n$

In this case:

Principal, P=£9500

r=1.8%=0.018

n=5 years

Therefore:

$A(5)=9500(1+0.018)^5\\=9500(1.018)^5\\=\£10386.34$

At the end of 5 years, Annie will have £10386.34

7 0

3 years ago

Molly shot 20 baskets in 4 minutes. Nico shot 42 baskets in 6 minutes. How many more baskets did Nico shoot per day minute?

Troyanec [42]

Nico por Dia hizo 7 cestas mas que Molly

4 0

4 years ago

Read 2 more answers

Theo is using this spinner to predict the favorite movie genre of randomly chosen students in his school.

likoan [24]

Answer:

Step-by-step explanation:

i took the quiz

7 0

3 years ago

Read 2 more answers

A number squared, then increased by 4, I need the equation.

ruslelena [56]

See order to find out ave dvide is to research and hive

3 0

3 years ago