Mathematics, 04.05.2021 01:00 kalbaugh

Melvin invests £5000 in an account paying 2.5% compound interest per annum. Charlie invests £4500 in an account paying 3% compound interest per annum.
Work out the difference between the amount of of money Melvin has after 5 years and the amount of
money Charlie has after 5 years.

Answers: 1

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More questions: Mathematics Another questions

Melvin invests £5000 in an account paying 2.5% compound interest per annum. Charlie invests £4500 in an account paying 3% compound interest per annum. Work out the difference between the amount of of money Melvin has after 5 years and the amount of money Charlie has after 5 years.

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Another question on Mathematics

Melvin invests £5000 in an account paying 2.5% compound interest per annum. Charlie invests £4500 in an account paying 3% compound interest per annum.
Work out the difference between the amount of of money Melvin has after 5 years and the amount of
money Charlie has after 5 years.