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Henry places £6000 in an account which pays 4.6% compound interest each year. Calculate the amount in his account after 2 years.

Henry places £6000 in an account which pays 4.6% compound interest each year. Calculate the amount in his account after 2 years.
asked 51.0k views
2 votes
Henry places £6000 in an account which pays 4.6% compound interest each year.

Calculate the amount in his account after 2 years.

asked
User Dinesh Ravi
by
8.4k points

1 Answer

5 votes
A=6,000×(1+0.046)^(2)
A=6,564.696
answered
User Luwes
by
7.6k points
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