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Frankie puts £1000 in a bank account for 4 years with a 6% rate of interest. How much will be in the account at the end of that time

Frankie puts £1000 in a bank account for 4 years with a 6% rate of interest. How much will be in the account at the end of that time
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Frankie puts £1000 in a bank account for 4 years with a 6% rate of interest. How much will be in the account at the end of that time

asked
User Gregor Kiddie
by
8.4k points

1 Answer

1 vote

Answer:

there will be £1240

Explanation:

1000/6=60

4 years so 60x4=240

240+1000=1240

answered
User Michal Holub
by
9.1k points
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