Mathematics, 20.04.2021 15:00, skyler1muir

Kay invests £1500 in an account paying 3% compound interest per year. Neil invests £1500 in an account paying r% simple interest per year.

At the end of the 5th year, Kay and Neil’s account both contain the same amount of money

Calculate r.
Give your answer correct to 1 decimal place.

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:50, bobyjoetato4599

F(x)=x/2-2 and g(x)=2x^2+x-3 find (f+g)(x)

Answers: 3

continue

Mathematics, 21.06.2019 19:30, shay03littletop5kx2p

Simplify (1/2)4th power a. (1/16) b.(1/8) c.(1/4)

Answers: 2

continue

Mathematics, 21.06.2019 20:10, morgantisch25

A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.

Answers: 1

continue

Mathematics, 22.06.2019 00:00, trint4

Subtract and simplify. (-y^2 – 4y - 8) – (-4y^2 – 6y + 3) show how you got the answer if your answer is right i will mark you

Answers: 1

continue

Do you know the correct answer?

Kay invests £1500 in an account paying 3% compound interest per year. Neil invests £1500 in an acc...