patelmohammed989 patelmohammed989

17-12-2021
Mathematics

contestada

Samir invests £350 in a savings account.
He gets 2% per annum compound
interest.
How much money will Samir have in the
account at the end of 3 Years?

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Аноним Аноним

17-12-2021

P=£350
R=2%
T=3

[tex]\\ \sf\dashrightarrow I=\dfrac{PRT}{100}[/tex]

[tex]\\ \sf\dashrightarrow I=\dfrac{350(2)(3)}{100}[/tex]

[tex]\\ \sf\dashrightarrow I=\dfrac{2100}{100}[/tex]

[tex]\\ \sf\dashrightarrow I=21[/tex]

A=21+350=£371

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