Queen Mary, University Of London
London
Compound interest
On the 1st January 2014 Mary invested some money in a bank account.The account pays 2.5% compound interest per year.On 1st January 2015 Mary withdrew £1000 from the account.On 1st January 2016 she had £60835.80 in the account.Work out how much Mary originally invested in the account
Original post by Anonymous
On the 1st January 2014 Mary invested some money in a bank account.The account pays 2.5% compound interest per year.On 1st January 2015 Mary withdrew £1000 from the account.On 1st January 2016 she had £60835.80 in the account.Work out how much Mary originally invested in the account
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Queen Mary, University Of London
London
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