Answer:
6%
Step-by-step explanation:
$156/5 years = $31.20 per year
$31.20/$520 = .06
.06 x 100 = 6%
Answer:
gfjhgfterjrjtryuyrt
Step-by-step explanation:
hgfdjjrfdsfdjuytitdfgfdsuygeryauvfudsgygwerauyerwaguyfdsguyagsuydzgfuygewsabfuyguyeravcuyeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraeraerajhbfcds
Answer:
£2,121.8
Step-by-step explanation:
Given the following;
Principal P = £2000
Rate r = 3%
Time t = 2 years
n = 1 (time of compounding)
Using the compound interest formula;
A = P(1+r)^t
A = 2000(1+0.03)^2
A = 2000(1.03)^2
A = 2000(1.0609)
A = 2,121.8
hence the amount that will be in his account after 2 years is £2,121.8
Answer: D
Step-by-step explanation: