patelmohammed989 patelmohammed989
  • 17-12-2021
  • Mathematics
contestada

Samir invests £350 in a savings account.
He gets 2% per annum compound
interest.
How much money will Samir have in the
account at the end of 3 Years?

Respuesta :

Аноним Аноним
  • 17-12-2021
  • P=£350
  • R=2%
  • T=3

[tex]\\ \sf\dashrightarrow I=\dfrac{PRT}{100}[/tex]

[tex]\\ \sf\dashrightarrow I=\dfrac{350(2)(3)}{100}[/tex]

[tex]\\ \sf\dashrightarrow I=\dfrac{2100}{100}[/tex]

[tex]\\ \sf\dashrightarrow I=21[/tex]

  • A=21+350=£371
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