charlielloyd71 charlielloyd71
  • 23-02-2021
  • Mathematics
contestada


Sam invests £1800 in the bank for four
years.
It earns compound interest of 4% each year.
Calculate the total amount Sam has in the
bank at the end of four years (£ round to
2 dp).

Respuesta :

carlos149
carlos149 carlos149
  • 23-02-2021

Answer:

£2088

or

US$ 2,536.48 dollars (2021)

Step-by-step explanation:

4% of 1800 = 72

72 x 4 = 288

1800 + 288 = 2088

He has £2088 at the bank after 4 year

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