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24 March, 05:47

What is the balance for £4500 invested for 2 years at 4% per annum

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  1. 24 March, 06:08
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    I=prt

    I=interest paid

    P = principal

    R = interest rate

    T = time

    I=4500*0.04*2

    =360

    So the ending balance=4500+360=4860
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