ian invested an amount of money at 3% per annum compound interest. At the end of 2 years the value of the investment was £2652.25 Work out the amount of money Ian invested.

the amount of money Ian invested is P =  £2,500

Step-by-step explanation:

The standard formula for compound interest is given as;

Where;

A = final amount/value

P = initial amount/value (principal)

r = rate yearly

n = number of times compounded yearly.

t = time of investment in years

For this case, Given that;

A = £2652.25

t = 2 years

n = 1 (semiannually)

r = 3% = 0.03

substituting the given values into equation 1;

P =  £2,500

the amount of money Ian invested is P =  £2,500

26?

step-by-step explanation:

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98