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16 September, 12:59

The amount of money in Joe's savings account is increased by 8% each year. Given that he has £500 in 2016. Work out how much Joe will have in 2021.

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Answers (2)
  1. 16 September, 14:34
    0
    700 in 2021

    Step-by-step explanation:

    X = 500 x. 08 x 5

    X = 200

    Amount = 500 + 200 = 700
  2. 16 September, 14:56
    0
    Answer: £700

    Step-by-step explanation:

    SI = prt

    SI = 500 x. 08 x 5

    SI = 200

    Amount = 500 + 200 = 700
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