Maths

£4000 is invested at 1.5% compound interest.

Show that the value of the investment after 2 years is £4120.90.

Thanks to anyone who can help.

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  1. 4000*1.015^2 = 4120.90

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  2. I have literally just had to do the same ques no...thanks Steve!

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  3. £4000 is invested at 1.5 compound intetest.
    Show that the value of the investment after 2 years is £4120.90

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  4. Suck me

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  5. Interesting theory Steve, but is that really the answer? I have a feeling instead of 4000*1.015^2 = 4120.90, it will be 4000 /1.015^2=3882.64699, then you times this by 2, and then divide by 1.8821, to get the answer of
    4125.86684023.

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