joshwalker13 joshwalker13

15-01-2017
Mathematics

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What is the balance for £4500 invested for 2 years at 4% per annum

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Aliwohaish12 Aliwohaish12

15-01-2017

I=prt
I=interest paid
P= principal
R= interest rate
T= time
I=4500*0.04*2
=360
So the ending balance=4500+360=4860

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