Mary invests 12000 in a saving account.
the account pays 1.5% compound interest per year
work out the value of her investment after 2 years

In 2 years, you will have $12,362.70

Step-by-step explanation:

Use the formula A=P(1+r/n)^nt.

A     =  final amount

P=  initial principal balance

r=  interest rate

n=  number of times interest applied per time period

t=  number of time periods elapsed

step-by-step explanation:

the multiplicative inverse of a fraction a/b is b/a. for the multiplicative inverse of a real number, divide 1 by the number. for example, the reciprocal of 5 is one fifth 1/5 or 0.2, and the reciprocal of 0.25 is 1 divided by 0.25, or 4.

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step-by-step explanation: