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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 3.8k views
5 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 Chtz
by
8.5k points

1 Answer

1 vote

Answer:

6564.696

Explanation:

A=6,000×(1+0.046)^(2)

A=6,564.696

answered
User Jaanna
by
7.8k points
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