Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
Answer: =5/6 /6/
+2
Step-by-step explanation:
I hope you understand the way im trying to explain
Answer:
7=x
Step-by-step explanation:
multiply 5 and 2x by 2, you'll then have (10+4x)=-4+6x. Then add 4 to both sides and you have (14+4x)=6x. Subtract 4x from both sides and that'll get you 14=2x and you divide 2 from each side to get x by itself so 7 is your answer.
