Mark M. answered • 01/22/18

Mathematics Teacher - NCLB Highly Qualified

A

_{1}= 1200(1 + 0.03)^{2}A

_{2}= A_{1}(1 + 0.05)^{4}Can you calculate?

Sasha N.

asked • 01/22/18Brian invests £1200 into a savings account. The bank gives 3% compound interest for the first 2 years and 5% thereafter. How much will Brian have after 6 years to the nearest pound?

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Mark M. answered • 01/22/18

Mathematics Teacher - NCLB Highly Qualified

A_{1} = 1200(1 + 0.03)^{2}

A_{2} = A_{1}(1 + 0.05)^{4}

Can you calculate?

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