Question

FAN + MEDAL TO BEST ANSWER
COMPOUND PERCENTAGES

Answer 1

COMPOUND PERCENTAGES
Nishi invests £3800 at 4% Interest per year.
Work out how many she will have altogether after:

3 years =

4 years =

6 years =

10 years =

Answer 2

@aum

Answer 3

@lucylovergirl @shrutipande9

Answer 4

@bibby

Answer 5

Here is the compound interest formula: \[\Large A = P(1 + \frac{ r }{ n })^{nt}\]A = Amount at maturity
P = Principal Amount = £3800
r = Annual interest rate in decimal = 0.04
n = compounding period (compounded how many times a year) = 1
t = years invested = 3 years

A = 3800(1.04)^3 = ?

Then put t = 4, 6, 10 and calculate A for each.