Freddie invests £6600 in an account that pays 3 % compound interest per annum for the two years, then 1 % . Work out how much money Freddie will have in his account in 8 years.

Answers

Answer 1

Using compound interest, it is found that Freddie will have £7433 in his account in 8 years.

What is compound interest?

The amount of money earned, in compound interest, after t years, is given by:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

In which:

A(t) is the amount of money after t years. P is the principal(the initial sum of money). r is the interest rate(as a decimal value). n is the number of times that interest is compounded per year.

For the first two years, the parameters are given as follows:

P = 6600, r = 0.03, n = 1, t = 2.

Hence the amount is:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

[tex]A(2) = 6600\left(1 + 0.03)^{2}[/tex]

A(2) = 7002.

For the final 6 years, the parameters are:

P = 7002, r = 0.01, n = 1, t = 6.

Hence the amount after 8 years is:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

[tex]A(6) = 7002\left(1 + 0.01)^{6}[/tex]

A(6) = 7433.

Freddie will have £7433 in his account in 8 years.

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Related Questions

Someone help me with what p and q equals?

Answers

q = 6 and p = 5

It’s a parallelogram so the side opposite are the same.

6 = q - 3
Subtract 3 and add it to 6 and you get 9
9=q

What is the value of x in the equation?

221 = 17 x
12
13
204
238

Answers

answer: x=13
explanation: you bring the 17 over so you would divide 221 & 17 and get the answer of 13.

Answer:

13

Step-by-step explanation:

Find the value or measure. Round answers to the nearest tenth, as needed.

Answers

Answer:

15

Step-by-step explanation:

10x - 23 + 10x - 23 + 106 = 360

20x + 60 = 360

20x = 300

x = 15

Melissa is walking around the outside of a building that is in the shape of a regular polygon. She determines that the measure of one exterior angle of the building is 60
o
o
. How many sides does the building have?
A
6
B
9
C
3
D
12

Answers

Answer:

6 sides

360/60=6

pls mark brainliest

The number of sides in the building is 6

6 sides

Given :

Melissa is walking around the outside of a building that is in the shape of a regular polygon.

She determines that the measure of one exterior angle is 60 degree

We know that the measure of exterior angle of any regular polygon is 360 degrees.

one exterior angle is 60°

The number of sides of regular polygon is total exterior angle / one exterior angle

Number of sides of regular polygon =[tex]\frac{360}{60}=6[/tex]

So, the building have 6 sides .

Learn more :  brainly.com/question/8083053

evaluate: 24 divided (8 -2)

Answers

Answer:

4

Step-by-step explanation:

Help me pleaseeeeeee

Answers

Answer:

H or G. mostly G.

Step-wby-step explanation:

I think I am not sure. hope this helps.

I need help with this guysss

Answers

Answer:

What are u asking for its just a pic

Step-by-step explanation:

Answer:

#12

17.7....

#14

31.7...

Step-by-step explanation:

12.

tan-1 (25/78)

= 17.77132082

14.

sin-1 (10/19)

= 31.756856386

I WILL GIVE BRAINLIEST LOTS OF POINTS!!!!


Answer The Question.

Answers

Answer

88.6 cm

Step-by-step explanation:

5×(985÷628)-(752×492)=??
Please fast as u can....
35pts+brainllist answer ​

Answers

Answer:

-369976.157643

Step-by-step explanation:

Help me! Pls and thank you sm! :D

Answers

Answer:

A is correct

......................

a torch and battery cost £2.50 altogether.The torch cost £1.50 more than the battery.What fraction of the total price is the torch? Give your answer in its simplest form

Answers

Step-by-step explanation:

Answer:

4/5 fraction of the total price is the torch.

Step-by-step explanation:

your welcome

LCM of 3,5,8,4 in explanation​

Answers

Answer:

120

Step-by-step explanation:

If you multiply these numbers you will eventually find that they all have a common multiple of 120. 120 is also the least common multiple so therefore, the lcm is 120

Type the expression that results from the following series of steps:
Start with x, subtract 3, then divide by 6.​

Answers

Answer:

[tex]\frac{x - 3}{6}[/tex]

Step-by-step explanation:

First, subtract 3 from x

This will get you the expression x - 3

Now, divide this by 6.

This will get you the expression [tex]\frac{x - 3}{6}[/tex]

So, the final expression from the steps is [tex]\frac{x - 3}{6}[/tex]

there were n signers of the declaration of independence. the oldest was benjamin franklin, who was y years old. 7 is 10% of y. what was franklins age

Answers

Answer:

70

Step-by-step explanation:

In this problem 7 is 10% of Ben Franklin's age. To solve you must find what 100% percent of his age is. To do this multiply 7 by 10. You do this because 10% times 10 is equal to 100%. Therefore, his age is 70.

emma records the number of spots in 5 ladybugs

Answers

Answer:

What’s the question?

Step-by-step explanation:

if your good at math pls help
1. Get a blank paper or sugar board or cardboard/ calendar to complete the given task.

2. Use your pencil and compass to scribe or draw three different size circles on the blank paper/ calendar/ cardboard/sugar board

3. At the back of each circle label them 1,2 and 3 respectively.

4. Next use your ruler to measure the radius of the circle which is from the center to the circumference of the circle.
Ensure to record your measurement.

5. Use your ruler and measure the diameter goes straight across the circle, through the center (radius).
Ensure to record the measurements for each circle.

6. Then you will repeat steps 4 and 5, while using a string along with your ruler to measurement the circumference for each of the circle. Ensure to record your measurements

7. After completing your measurement write a conclusion for what you observed about the measurements for the diameter, radius and circumference for the three circles.

Answers

Answer:

R: Radius.

D: Diameter.

1) R: 4cm

D: 8cm

2) R: 2;5cm

D: 5cm

3) R: 2cm

D: 4cm

Conclusion: Note that the radius and diameter measurements vary depending on the circumference measurement.

(To graph use the measurements of the diameter)

Good luck! :)


What is the value of 3(h)+4g(1)

Answers

Answer:-
If it’s just multiplication without substituting any values. Then the answer is:

3h + 4g


11. Jackie ate of a bag of popcorn. She
shared the rest with Enrique. List three
ways they could have shared the
remaining popcorn

Answers

1 - 1/5 = 4/5 remaining

method 1: they could have 2/5 each

Help?? LOL I’m literally so confused

Answers

Answer:

1

Step-by-step explanation:

8-7=1

Answer: 2

Step-by-st\ep explanation:

John, Kevin, and Andrew are counting their pennies. John has three times as many pennies as Kevin. If John and Andrew put their pennies in the same container, they'll have 266 pennies. However, if Kevin and Andrew put their pennies together, they will have 198 pennies. How many pennies does John have?

Answers

Answer:

102 pennies

Step-by-step explanation:

Let the number of pennies owned by John, Kevin, and Andrew be J , K and A respectively

Given that John has three times as many pennies as Kevin then

J = 3K

If John and Andrew put their pennies in the same container, they'll have 266 pennies then

J + A = 266 Since J = 3K

3K + A = 266

However, if Kevin and Andrew put their pennies together, they will have 198 pennies

K + A = 198

Subtract K + A = 198 from 3K + A = 266

2K = 68

K =68/2 = 34 pennis

J = 3K J = 3 * 34

= 102 pennies

John has 102 pennies

1. TEMPERATURE Suppose the temperature
outside is dropping 3 degrees each
hour. How much will the temperature
drop in 8 hour?

Answers

it’ll drop by 24 degrees in 8 hours
3x8=24

∠aangle, a and \angle b∠bangle, b are complementary angles. \angle a∠aangle, a measures 37^\circ37 ∘ 37, degrees. What is the measure of \angle b∠bangle, b?

Answers

Answer:

∠b= 53

Step-by-step explanation:

Which one is false ????

Answers

3 you’re welcome
llllllll

Solve using linear combination.
2e - 3+ - 9
e + 35= 18
Which ordered pair of the form (e. f) is the solution to the system of equations?

Answers

e = -17. 2 x -17 - 3 + 9

-34 - 3 + 9

== -28

hope this helps

Answer:

(3,5)

Step-by-step explanation

3=e and 5=f (but I guess u accidentally put a plus sign)

so 2e= 6 and 3f=15, and 6-15=-9 so this checks out

Next e=3 and 3f=15 (that 5 in the second problem should be an f)               and 3+15-18 again is checks out so 3,5 must be correct yada yada yada goodnight.

-I'm usually more professional explaining problems but i broke it down for ya, when I get over this drowsiness I'll be back to my usually math pro self

What is the correct answer choice?

Answers

Answer:

G

Step-by-step explanation:

please helpppp meeee?????!!!!

Answers

Answer:

it 2,5

Step-by-step explanation:

PLEASE ANSWER THIS ASAP I WILL MARK YOU THE BRAINLIEST

Answers

Answer:

47% and 45%

Step-by-step explanation:

please mark brainiest

how does it go on a number line please help me.

Answers

okay so plot the dot on the -1 and the line is going to the right

What is the area of a circle with the radius of 3 inches

Answers

Answer:

28.27

Step-by-step explanation:

Write the equation of the line in slope-intercept form for the line with a slope of 13 and a y - intercept of (0, 4)

Answers

Answer:

y=13x+4

Step-by-step explanation:

y-y1=m(x-x1)

y-4=13(x-0)

y-4=13(x)

y-4=13x

y=13x+4

Answer:

y=13x + 4

Step-by-step explanation:

Hi there!

We want to write the equation of the line in slope-intercept form.

Slope-intercept form is given as y=mx+b, where m is the slope and b is the value of y at the y intercept

We are given that the line has a slope of 13, and a y intercept of (0,4)

As we are directly given the slope and the y intercept, we can substitute these values into the formula to find the equation of the line

First, substitute 13 as m

y=13x + b

Now, as stated earlier, the value of b is the value of y at the y intercept.

We were given that the y intercept is (0,4); the value of y at this point is 4

Substitute 4 as b into the equation

y=13x + 4

Hope this helps!

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