03-05-2021
Mathematics

contestada

Simon invested £20 000 at a compound interest rate of 2.5% per annum.
At the end of
n
years the investment has a value of £
V
.

Write down a formula for
V
in terms of
n
.

Respuesta :

wolf1728 wolf1728

03-05-2021

Answer:

Total = Principal × ( 1 + Rate )^years

V = £20,000 × ( 1 .025 ) ^ n

Source: http://www.1728.org/compint.htm

Step-by-step explanation:

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