Sally invests £8000 in a savings account. The account pays 2.8% compound interest per year work out the value of her investment after 4 years give your answer to the nearest penny

the value of her investment after 4 years is £8934.3

Step-by-step explanation:

The formula for determining compound interest is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount invested.

t represents the duration of the investment in years.

From the information given,

P = 8000

r = 2.8% = 2.8/100 = 0.028

n = 1 because it was compounded once in a year.

t = 4 years

Therefore,

A = 8000(1+0.028/1)^1 × 4

A = 8000(1+0.028)^4

A = 8000(1.028)^4

A = £8934.3 to the the nearest penny

answer: 1,380

step-by-step explanation:

1: you turn %15 into a decimal by moving the decimal point two places to the left.

2: and then you multiply .15 by 1,200 , which will get you 180.00

3: from there you will add 180 to 1,200

4: which will get you 1,380

hope it *im kind of slow so idk if my answer is right*

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.