Help me pleaseeeeeeeeeeee
1 answer:
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Answer:
- £5200.68
Step-by-step explanation:
<u>Given:</u>
- Investment P = £4900
- Interest rate r = 1.5% or r = 0.015
- Time t = 4 years
- Number of compounds per year n = 1
<u>Find the future amount:</u>
Ok so you would start by getting rid of the fraction. You should know the steps for that by now but here this is what it would look like
3y/4+10=2y/4 Simplify
3y/4+10=1y/2
10=-1y
I really simplified the last part but this is what it looks like:
- 
= -1y
10=-1y
y=-10
3y/4+10=2y/4 Simplify
3y/4+10=1y/2
10=-1y
I really simplified the last part but this is what it looks like:
10=-1y
y=-10