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Andreyy89
2 years ago
14

£4000 is invested at 1. 5% compound interest. (a) Show that the value of the investment after 2 years is £4120. 90______________

______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________(2)(b) In the third year the interest rate falls to 1. 4%In the fourth year the interest rate falls to 1. 35%Will the interest for year 4 be more or less than the interest for year 3?Tick a box. MoreLessYou must show your working
Mathematics
1 answer:
insens350 [35]2 years ago
4 0

Answer:

is this answer correct?

let me know in the comment section!

Step-by-step explanation:

Hope you liked it!

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