Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

harry invests £6000 in a savings account.
the account pays 3.4% compound interest every year.
after 3 years how much will his investment be

Sagot :

sudiptharu2063

Step-by-step explanation:

here,

principal (p)=£6000

Rate (R)=. 3.4%

time (t)=3 yrs

now,

total investment is compound amount i.e CA

here,

[tex]CA = p(1 + \frac{r}{100} ) ^{t} [/tex]

=£6000(1+3.4/100)^3

=£6633.044

here he will get his total investment as £6633.044 in compound interest of 3.4%

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.