holmese203 holmese203
  • 07-01-2021
  • Mathematics
contestada

Brian invests £4000 into his bank account.
He receives 7% per year compound interest.
How many years will it take for Brian to have more than £8000?

Respuesta :

blb197
blb197 blb197
  • 07-01-2021

Answer:

14 years

Step-by-step explanation:

£280 is 7% of 4000 so £4000 euro more would be 4000/280 = 14

Answer Link

Otras preguntas

1 1/3 divided by 2 5/6
Boys can inherit the recessive allele (c) that causes red-green colour blindness from their mother, not from their father. The allele for normal red and green v
What are three interesting facts about xuchal
Where is carbon dioxide produced in the mitochondrion?
What holds a neuron in place?
Which of the following statements about antibodies is correct? A. Antibodies are polypeptides. B. Antibodies are produced by the bone marrow. C. Antibodies are
HELP!! is the word sandwich a compound word?
Population living in one place form a
Which of the following areas has the lowest population density? Papua New Guinea Fiji Islands Solomon Islands Antarctica
What is metafiction? the act of telling a story becomes part of the story literature that is part true and part false when an author begins a story in the middl