Anil wants to invest £25000 for 3 years in a bank. Personal Bank
Secure Bank
Compound Interest
Compound Interest
2% for each year
4.3% for the first year
0.9% for each extra year
Which bank will give Anil the most interest at the end of 3 years?

Secure Bank

Step-by-step explanation:

for a process to work out the interest after one year e.g. 0.02 × 25000 (=500)

or 0.043 × 25000 (=1075) or for 1.02 or 25500 or 1.043 or 26075

for process to find value of the investment after 3 years or the multiplicative factor for 3

years at one of the banks, e.g. 25000 × 1.02 × 1.02 × 1.02 oe (= 26530…) or 1.023 (=

1.0612…) or 25000 × 1.043 × 1.009 ×1.009 oe (= 26546…) or 1.043 × 1.009 ×1.009 (=

1.0618)

or Secure Bank from correct figures,

eg. 26530.. and 26546.. or 1530… and 1546… or 1.0612... and 1.0618…

huh? im pretty sure it is in 199

step-by-step explanation:

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

⇒

also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt