Question

answer the question in the image :)

Answer 1

Answer:

£6,633.043824

or to nearest penny ( maybe to round off?) -£6,633.044

Step-by-step explanation:

the formula to get the maturity rate is F=P(1+r/m)^mt

so we'll assign the values

P= 6,000

t=3

m= 1 (also known as annually, because it is per year. )

r=3.4%

so substitute

F=6,000(1+3.4%/1)^1(3)

so it will result to £6,633.044

ps. I'm not sure with the use of pound or which formula you were taught but this is how we do it in my school.