Mathematics for IGCSE & O level - Percentages (Section 4 - No. 7)
What is the value of the investment after 5 years, given Salim invests $4000 with 3.25% compound interest?
$4693.65
$4700
$4750
$4800
Wyjaśnienie
A=P(1+r/100)^n. A=4000(1+3.25/100)^5 = 4693.65.