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zhenek [66]
3 years ago
5

Henry places £6000 in an account which pays 4.6% compound interest each year

Mathematics
1 answer:
aivan3 [116]3 years ago
7 0

Answer:

£ 6,564.70

Step-by-step explanation:

Henry places £6000 in an account which pays 4.6% compound interest each year. Calculate the amount in his amount after 2 years

Compound Interest formula =

A = P(1 + r/n)^nt

A = Final Amounrt

P = Principal = £6,000

r = Interest rate = 4.6%

t = Time in years = 2 years

n = Compounding frequency = Yearly = 1

First, convert R percent to r a decimal

r = R/100

r = 4.6%/100

r = 0.046 per year,

Then, solve our equation for A

A = P(1 + r/n)^nt

A = 6,000.00(1 + 0.046/1)^(1×2)

A = £ 6,564.70

The amount in his account after 2 years = £ 6,564.70

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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0.3 (4 - x) = x - 1.4

Expand out terms of the left hand side:

1.2 - 0.3 x = x - 1.4

Subtract x from both sides:

1.2 + (-0.3 x - x) = (x - x) - 1.4

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x - x = 0:

1.2 - 1.3 x = -1.4

Subtract 1.2` from both sides:

(1.2 - 1.2) - 1.3 x = -1.2 - 1.4

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