jaquanewr jaquanewr

25-06-2020
Mathematics

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Sam puts £1500 into a bank which pays 2.2% interest per year. How much will he save after 4 years? *

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gilbertazavedo72 gilbertazavedo72

04-07-2020

Answer: £1632

Step-by-step explanation:

SI = prt

SI = 1500 x 0.022 x 4

SI = 132

After 4 years, he will have

1500 + 132 = 1632

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