Ash invests £200 and gets 3% interest per year. How much will she have after 5 years?

Mathematics

1 answer:

Taya2010 [7]3 years ago

6 0

Answer:

£231.85

Step-by-step explanation:

→ Work out the decimal multiplier

( 3 + 100 ) ÷ 100 = 1.03

→ Multiply the initial investment by the multiplier raised to the power of years

200 × ( 1.03 )⁵ = £231.85

You might be interested in

How do I change fractions to decimals?

Illusion [34]

Take your fraction and do this,,,, ex) with x and y as your fraction)

x/y=f/100
take 100/y and then ×x
ex)1/2=k/100
\/
100÷2
50×1
50/100
.50

ex)3/4=f/100

100/4
25×3=75/100
.75

ex)6/7=g/100
100/7
14.3×6
85.7/100
857/1000
.857

6 0

3 years ago

Sara Blake's grandmother gave her $3000.00 to save for college. She put it in a savings account that earns 6% interest per year.

zubka84 [21]

I assume you are looking for the total. The total amount in the account will be $4,781.54 if the interest is compounded annually.

If she is earning 6% interest, the balance in her account will be multiplied by 1.06 each year.

You can evaluate the following expression to find the total.
$3000(1.06)^8 = 4781.54$

6 0

4 years ago

A student spend $56.35 on school supplies at a store where the sales tax is 6.5%. What is the total cost of the supplies?

ArbitrLikvidat [17]

Answer:

$60.01

Step-by-step explanation:

To find tax you first multiply the original price x the tax(make sure to change it into a decimal)

56.35 x 0.065 =3.66

Then you add the original price and the result.

56.35 + 3.66 = $60.01

7 0

3 years ago

What is the equation of the line that passes through the point (3,5) and is perpendicular to the line x=4

Mamont248 [21]

Hello :
an equation is : y-5 = 0(x-3)....<span> perpendicular to the line x=4 ( parrallel to x-axis)
so ;
</span>y=5

7 0

3 years ago

Can someone please help

fenix001 [56]

Check the picture below.

$\bf \stackrel{\textit{triangles' area}}{\cfrac{1}{2}(6)(1)+\cfrac{1}{2}(6)(1)}+\stackrel{\textit{front side}}{(6\cdot 2)}+\stackrel{\textit{left and right sides}}{(4\cdot 2)+(4\cdot 2)}\implies 3+3+12+8+8$

4 0

3 years ago