Register

Keri invests £500 into an account that pays 5.5% compound interest per annum. Work out how much money Keri will have in her account after 16 years.

Keri invests £500 into an account that pays 5.5% compound interest per annum. Work out how much money Keri will have in her account after 16 years.
asked 143k views
14 votes
Keri invests £500 into an account that pays 5.5% compound interest per annum. Work out how much money Keri will have in her account after 16 years.

asked
User Giraffe Lion
by
8.4k points

1 Answer

3 votes

Answer:

500×1.055^16=1177.63

answered
User Greg Maletic
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!