Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

£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

Sagot :

basantapanthee2

Answer:

is this answer correct?

let me know in the comment section!

Step-by-step explanation:

Hope you liked it!

View image basantapanthee2
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.