3 years ago

Find the final value if £3500 is invested for 6 years at 6.9% p.a. Final value = £

Mathematics

2 answers:

gulaghasi [49]3 years ago

5 0

= Answer:

Step-by-step explanation:

interest= 3500 * 6 * 6.9* 1/100

= 4949

Final value = £ 3500 + 1449

= 4949

faust18 [17]3 years ago

4 0

Principal=P=3500

Time=T=6years

Rate of interest =R=6.9

Interest be I

$\\ \sf\longmapsto I=\dfrac{PRT}{100}$

$\\ \sf\longmapsto I=\dfrac{3500(6)(6.9)}{100}$

$\\ \sf\longmapsto I=\dfrac{144900}{100}$

$\\ \sf\longmapsto I=1449$

Now

Final value=3500+1449=4949

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