Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
<span>–(2n + 4) + 6 = –9 + 4(2n + 1)
-2n - 4 + 6 = - 9 + 4*2n + 4*1
</span>
<span>-2n - 4 + 6 = - 9 + 8n + 4
Take all the n's to one side and numbers to the other side. Sign changes to + or - when equality sign is crossed to other side of equation.
</span>
<span>-2n - 8n = - 9 + 4 + 4 -6
-10n = -7
n = -7/-10
n = 7/10 or 0.7
</span>
You do (12/300)x100 and it is going to give you the a answer
Answer:
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Step-by-step explanation:
