< ALGEBRA 1>
1 answer:
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Answer:
Colin will have 421824 pennies after 2 years
Step-by-step explanation:
Given:
Amount invested in bank by Colin (P) = £3900
Rate of interest (r) = 4%
Time period (n) = 2 years
To find: Amount after 2 years (A)
Solution:
Formula for amount (A) is
As 1 pound = 100 pennies,
4218.24 pounds = 4218.24 × 100 = 421824 pennies
So,
Colin will have 421824 pennies after 2 years.