Toni invests money into an account which pays a fixed rate of compound interest each year. The total value, £V, of her investment after t years is given by the formula:
V = 1350 x 1.04^t
Answer questions a & b
a - How much money did Toni invest in pounds
b - What rate of compound interest is paid each year
+1
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Home » Mathematics » Toni invests money into an account which pays a fixed rate of compound interest each year. The total value, £V, of her investment after t years is given by the formula: V = 1350 x 1.