lucyrosee
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Mary invests £12000 in a savings account.
The account pays 1.5% compound interest per year.
Work out the value of her investment after 2 years.

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bekkarmahdi702

Answer:

Step-by-step explanation:

We khow that Mary invested 12000£ and the account pays 1.5 percent interest per year.

So we should khow what is the value of this 1.5 percent interst .

12000£⇒100 percent

x ⇒ 1.5 percent

  • x= [tex]\frac{1.5*12000}{100}[/tex]=180
  • mary inested for 2 years so : 2x=2*180=360  

so the value after 2 years is : 12000+360=12360

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