Mathematics, 08.03.2021 14:50 mv603177
£4000 is invested at 1.5% compound interest.(a) Show that the value of the investment after 2 years is £4120.90(2)(b) In the third year the interest rate falls to 1.4%In the fourth year the interest rate falls to 1.35%Will the interest for year 4 be more or less than the interest for year 3?Tick a box. MoreLessYou must show your working.
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£4000 is invested at 1.5% compound interest.(a) Show that the value of the investment after 2 years...
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