3 (b) Rana wants to pay £6000 for the wedding. She paid £5000 into a savings account 6 years ago. The compound interest rate is 3% per year. Does Rana have enough money in the savings account to pay for the wedding? Show how you decide.
3 (b) Rana wants to pay £6000 for the wedding. She paid £5000 into a savings account 6 years ago. The compound interest rate is 3% per year. Does Rana have enough money in the savings account to pay for the wedding? Show how you decide.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
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Solve 3(b)
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