rubylin13
Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

An investment of £200 increases by 4% each year for 3 years

Calculate the value of the investment at the end of the period.


(Will give brainliest and 10 points)

Sagot :

samuelonum1

Answer:

£224

Step-by-step explanation:

Given data

P= £200

R=4%

T=3 years

Simple interest

A= P(1+rt)

Substiute

A= 200(1+0.04*3)

A=200(1+0.12)

A=200*1.12

A=£224

Hence the investment at the end of the period is £224

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.