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April 19, 2014

April 19, 2014

Posted by **kenji86** on Friday, April 23, 2010 at 2:49pm.

- math -
**Sohrab**, Friday, April 23, 2010 at 3:07pmTotal after 5 years will be

total= 5000(1+0.034)^5 =5909.80

Hence interest paid will be 909.80 Pounds

You might want to memorise the formula as

A = P(1+r)^t where P is principal , r is rate in decimal and t is time.

Hope this helps

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