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November 28, 2014

Homework Help: maths

Posted by kelly on Wednesday, April 18, 2007 at 8:04pm.

An investor invests 20 000 over three years in a scheme which offers compound interest of 4.5%, compound annually. Which one option gives the amount of money in the scheme after 3 years, rounded to the nearest pound?

A. 22 891
B. 22 700
C. 22 833
D. 22 823
E. 22 800
F. 20 106
G. 22 884
H. 22 929



use 20 000(1.045)^3

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