SOLUTION: Joe invests £5000 in a savings account at an annual rate of:
3.5% for the first year
2% for the remaining years
Work out the total amount of money in joes account at the end
Algebra.Com
Question 1028408: Joe invests £5000 in a savings account at an annual rate of:
3.5% for the first year
2% for the remaining years
Work out the total amount of money in joes account at the end of the 3 years
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
(5000*1.035)*1.02^2 = 5384.07
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