Answered

IDNLearn.com is the place where your questions are met with thoughtful and precise answers. Our experts provide timely and accurate responses to help you navigate any topic or issue with confidence.

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
.

Sagot :

Wolf1728idn

Answer:

Total = Principal × ( 1 + Rate )^years

V = £20,000 × ( 1 .025 ) ^ n

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

Step-by-step explanation:

We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.