Answer:
£562.43
Step-by-step explanation:
£500 is invested for 3 years at a rate of compound interest of 4% per annum how much will be in the account after three years
Given data
P= £500
t= 3 years
r= 4%
The expression for the compound interest is given as
A= P(1+r)^t
substitute
A= 500(1+0.04)^3
A= 500(1.04)^3
A= 500*1.124864
A= 562.432
Hence the final amount is £562.43
You can name a vector<span> by its length and direction</span>
The expression that can be used to represent x is not shown.
x is the price of the shoes
5% commission on every pair of shoes sold. $1.00 is the value of the commission received.
$1/5% = 1 / 0.05 = 20
The price of the shoes is 20.
