joshwalker13 joshwalker13
  • 15-01-2017
  • Mathematics
contestada

What is the balance for £4500 invested for 2 years at 4% per annum

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 15-01-2017
I=prt
I=interest paid
P= principal
R= interest rate
T= time
I=4500*0.04*2
=360
So the ending balance=4500+360=4860
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