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Posted on Jun 13, 2011
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What is the intrest on 800 at 6% for 4 years - Computers & Internet

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  • Expert 141 Answers
  • Posted on Jun 13, 2011
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Joined: May 03, 2011
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I if it compound interest it will be :
Year 1 : £800 / 100 = £8*6 = £48 then + £800 = £848
Year 2 : £848 / 100 = £8.48*6 = £50.88 then + £848 = £898.88
Year 3 : £898.88 / 100 = £8.98*6 = £53.93 then + £898.88 = £952.81
Year 4: £952.81 / 100 = £9.52*6 = £57.16 then + £952.81 = £1,009
By Year Four it will equal £1,009 give a pound or two because I have rounded it down.

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