Mathematics
KraigZaneski
6

I'm stuck on number 6! Help! Toby invested £7500 for 2 years in a saving account. He was paid 4% per annum compound interest. How much money did Toby have in his savings account at the end of 2 years?

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(1) Answers
India67

Hi. For this, you do: 4% of 7500 = 300 He is given $300 per year, for two years. 1st year= 7500+300= 7800 2nd year= 7800+300= 8100 answer= $8100 Hope this helps:)

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