Welcome to Maths Questions and Answers, where you can ask questions and receive answers from other members of Mathster.

Only your first name and the initial of your surname is publicly displayed for your privacy and protection. Please behave appropriately and with respect for others. Never give out personal identification or contact details. Mathster staff and your maths teacher reserve the right to terminate your access to this service at their discretion.

Most popular tags

How do you find out compound interest with £100, 2% and 5 months?

+1 vote
285 views asked Feb 12, 2015 by Crystel C a Novice (18 points)

2 Answers

+1 vote
 
Best answer

if it's compounded monthly, then

`(100 xx 1.02)^5`

answered Feb 28, 2015 by root r a Novice (29 points)
selected Mar 7, 2015 by Crystel C a
+1 vote

if it is compoundemonthly

(100x1.020

answered Mar 1, 2015 by Ellie S a Novice (48 points)

Related questions

–6 votes
1 answer 1,021 views
–3 votes
1 answer 323 views
323 views asked Apr 25, 2015 by Abdullahi I a Novice (32 points)
–2 votes
1 answer 332 views
332 views asked Mar 25, 2014 by Michael C a Novice (8 points)
–2 votes
0 answers 193 views
193 views asked Jun 2, 2015 by Joselyn T a Novice (35 points)
–3 votes
1 answer 701 views
701 views asked Nov 4, 2014 by Sathurjan T a Novice (16 points)

Copyright 2013 Mathster.com

...