caitlin03 caitlin03

18-02-2017
Mathematics

Answered

Work out the balance for £720 invested for 4 years at 5% per annum

Verified Answer :

Anonymous Anonymous

03-03-2017

Amount of Interest (I) = P R T /100
I = 720 5 4 /100
I = 144

Balance = Initial amount + Interest amount
B = 720 + 144 = 864

In short, Your Answer would be £864

Hope this helps!

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