Question

£4000 is invested in a fund which earns 11% compound return per year.
After 5 years, you remove half the balance, leaving the remainder in the fund.
How much would the fund be worth after 10 years.

Answer 1

Answer:£2,200

Step-by-step explanation:

£4000 x 11 x 5

----------------------

       100

    .

.         . 0 cancel 0, 0 cancel 0

remains £40 x 11 x 5

=£440 x 5

= £2,200