Mathematics, 23.02.2021 05:20 AIhunter2884

1 Jesy invests £8000 for n years in a savings account. To find the value, V, of her investment after n years she uses the formula:

V = 8000 × (1.025)n

(a) Write down the annual rate of interest Jesy earns.

(b) Find the total amount of interest Jesy earns in three years.

(Total for question 1 is 3 marks)

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1 Jesy invests £8000 for n years in a savings account. To find the value, V, of her investment afte...

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