Fiona leaves £1600 in the bank for four years. ! It earns compound interest of 4% each year.
!Calculate the total amount Fiona has in the bank at the end of the four years.
Answers
Answered by
0
Step-by-step explanation:
is this ok;I think this is the answer
Attachments:
Answered by
3
Answer:
1872.2
Step-by-step explanation:
Value of 1 year;
100%+8%=108%
108/100 x 1600
=1664
Value of 2 year;
104/100 x 1664
=1730.56
Value of 3 year;
104/100 x 1730.56
=1799.78
Value of 4 year;
104/100 x 1799.78
=1871.77 Ans
Similar questions