rubylin13
contestada

An investment of £200 increases by 4% each year for 3 years

Calculate the value of the investment at the end of the period.


(Will give brainliest and 10 points)

Respuesta :

samuelonum1

Answer:

£224

Step-by-step explanation:

Given data

P= £200

R=4%

T=3 years

Simple interest

A= P(1+rt)

Substiute

A= 200(1+0.04*3)

A=200(1+0.12)

A=200*1.12

A=£224

Hence the investment at the end of the period is £224

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