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MATH SOLVE
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Jane invested £4000 for 3 years with an interest rate of 1.5%. What was her investment worth at the...
4 months ago
Q:
Jane invested £4000 for 3 years with an interest rate of 1.5%. What was her investment worth at the end of this period?
Accepted Solution
A:
Answer:$4182.7Step-by-step explanation:= 4000*(1.5%)*3Year 1= 4000*(100%+1.5%)= 4060Year 2= 4060*(100%+1.5%)= 4120.9Year 3= 4120.9*(100%+1.5%)= 4182.7