melangela melangela

21-03-2017
Mathematics

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I invest £6400 in a savings account that pays 2.5% simple interest per annual. How much money will be there on the account at the end of 8 years?

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stim100986 stim100986

22-03-2017

2.5% simple interest times 8 years is 20%.

20% of 6,400 is 1,280

Add to your initial investment of 6,400 and get

7,680

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