Mathematics, 19.09.2021 14:30 mattstudy305

A bank account starts with a balance of £8000 and pays compound interest of 5% per year.
Work out the balance of the account after 1 year and after 2 years.
Give your answers to the nearest £1.
Start
£8000
After 1 year
E
After 2 years

Answers: 3

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A bank account starts with a balance of £8000 and pays compound interest of 5% per year.
Wor...

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A bank account starts with a balance of £8000 and pays compound interest of 5% per year. Work out the balance of the account after 1 year and after 2 years. Give your answers to the nearest £1. Start £8000 After 1 year E After 2 years

Answers

Another question on Mathematics

A bank account starts with a balance of £8000 and pays compound interest of 5% per year.
Work out the balance of the account after 1 year and after 2 years.
Give your answers to the nearest £1.
Start
£8000
After 1 year
E
After 2 years