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Josh put £14.600 in a savings account. he was paid 9.8% per annum compound interest for 12 years. how much was in his account after 12 years? please answer I really need it than…

Josh put £14.600 in a savings account. he was paid 9.8% per annum compound interest for 12 years. how much was in his account after 12 years? please answer I really need it than…
asked 190k views
3 votes
Josh put £14.600 in a savings account. he was paid 9.8% per annum compound interest for 12 years. how much was in his account after 12 years? please answer I really need it thank you!!

asked
User Kyasbal
by
8.0k points

1 Answer

3 votes

Answer:

£44,831.26

Explanation:

14600 × (1 + 9.8/100)¹²

14600 × (1.098)¹²

44831.25918

answered
User Roland Jansen
by
8.4k points
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