Henry places £6000 in an account which pays 4.6% compound interest each year
Calculate the amount in his amount after 2 years

Answers

Answer 1

Answer:

£ 6,564.70

Step-by-step explanation:

Henry places £6000 in an account which pays 4.6% compound interest each year. Calculate the amount in his amount after 2 years

Compound Interest formula =

A = P(1 + r/n)^nt

A = Final Amounrt

P = Principal = £6,000

r = Interest rate = 4.6%

t = Time in years = 2 years

n = Compounding frequency = Yearly = 1

First, convert R percent to r a decimal

r = R/100

r = 4.6%/100

r = 0.046 per year,

Then, solve our equation for A

A = P(1 + r/n)^nt

A = 6,000.00(1 + 0.046/1)^(1×2)

A = £ 6,564.70

The amount in his account after 2 years = £ 6,564.70


Related Questions

What is 15% of 20? *

Answers

its 3

don't mind the random letters

jdhhsjsjjd

Answer:

3

Step-by-step explanation

15 percent *20 =

(15:100)*20 =

(15*20):100 =

300:100 = 3

Now we have: 15 percent of 20 = 3

A rocket is launched from a tower. The height of the rocket, y in feet, is related to the
time after launch, x in seconds, by the given equation. Using this equation, find the
maximum height reached by the rocket, to the nearest tenth of a foot.
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Answers

Answer:

451

Step-by-step explanation:

on a calculator go to y= and type the equation in and then go to the table.  

x2-36
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I

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Step-by-step explanation:

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The conversion factors between centimeters and four other units of measure are shown below.

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1.50.10^13 cm = 1 astronomical
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1. 10^2 = 1 meter

For the distance to be expressed as x units of measure, where 1 < x < 10, which unit of measure must be used?

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Step-by-step explanation:

JOIN MY MEETING

ID-9384026088

PASSWORD 1234

Answer:

C

Step-by-step explanation:

True or False: Similar and congruent mean the same thing.

Answers

Answer:

true

Step-by-step explanation:

Answer: False

Step-by-step explanation: Similar means that only the angles are the same, but the sides are not. Congruent means the angles and sides are the same.

Brian, Josh, Chad, Jordan, Ryan, and Rachel are the 6 players in a round-robin racquetballtournament. Each player will play aset against each of the other players. List all the sets that need to be played.

Answers

there are 15 sets that need to be played in the tournament. To list all the sets, we can simply list all the possible combinations of 2 players from the group of 6.

What is the combination?

In simple words, combination involves the selection of objects or things out of a larger group where order doesn't matter. The formula for combination helps to find the number of possible combinations that can be obtained by taking a subset of items from a larger set.

There are a total of 6 players in the round-robin racquetball tournament, which means that each player will play a set against each of the other 5 players.

To determine the total number of sets that need to be played, we can use the combination formula:

nC₂ = (n*(n-1))/2

where n is the number of players.

In this case, n = 6, so:

6C₂ = (6*(6-1))/2 = 15

Hence, there are 15 sets that need to be played in the tournament. To list all the sets, we can simply list all the possible combinations of 2 players from the group of 6:

Brian vs. Josh

Brian vs. Chad

Brian vs. Jordan

Brian vs. Ryan

Brian vs. Rachel

Josh vs. Chad

Josh vs. Jordan

Josh vs. Ryan

Josh vs. Rachel

Chad vs. Jordan

Chad vs. Ryan

Chad vs. Rachel

Jordan vs. Ryan

Jordan vs. Rachel

Ryan vs. Rachel

To learn more about the combination visit,

https://brainly.com/question/28065038

#SPJ1

123 students each gave 2 cupid to each student in school there's 6 council how many cupid did they evenly make for the 123 student

Answers

Answer:

each made 20.5

Step-by-step explanation:

123/6 = 20.5

What’s the answer please tell me

Answers

Answer: 3

Step-by-step explanation:

The larger triangle is 5 times the size of the smaller triangle. Notice 6 increased to 30. How? 5x6 = 30, so it increased in size 5 times. The rise of the larger triangle is 15. If we know that 15 is 5 times as large as the smaller rise, then 15 divided by 5 = 3. So the smaller rise is 3

Answer:

Missing rise is 3

Step-by-step explanation:

[tex]\frac{30}{15} =\frac{6}{x}\\[/tex]

30x=90

x=3

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Answers

Answer:

Step-by-step explanation:

1: no

2 yes

3 no

4 yes

5 no

6 no

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Find the slope of the line
у
4
(1,4)
3
2
1
(0, 0) 3 4 5x
slope

Answers

Answer:

(0, 0)

Step-by-step explanation:

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