13-10-2021
Mathematics

contestada

Sally invests £8000 in a savings account.
The account pays 2.8% compound interest per year.
Work out the value of her investment after 4 years.
Give your answer to the nearest penny.

Respuesta :

tandd003208 tandd003208

14-10-2021

Answer:

£8934.24

Step-by-step explanation:

100 + 2.8 = 102.8

102.8 / 100 = 1.028

8000 x [tex]1.028^{4}[/tex] = £8934.24

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