Tim has just inherited £1000 and he decides not to invest it but rather to spend 10% of the remaining money each month. Each month Tim’s saving thus reduce by a factor of 0.9.Calculate, to the nearest integer, the amount remaining (in £) after 20 months.You may find it useful to first devise a formula for the amount remaining after n months.Enter your answer, to the nearest integer and without units, in the box below.

A person invests 1000 dollars in a bank. The bank pays 6.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2500 dollars?A, equals, P, left bracket, 1, plus, start fraction, r, divided by, n, end fraction, right bracket, start superscript, n, t, end superscriptA=P(1+ nr​ ) nt

What is the future value (to the nearest whole pound) of £500 saved each month for 1 year if the current rate of interest is 4% paid annually?​£6,240£9,222 £7,232 £3,123£6,111

if a man deposited 20,000 pounds in a bank with interest of 20% PER YEAR find the total amount that he gets at the end of the year

Calculate the simple interest earned. Round to the nearest cent.P = $9080, r = 5.00%, t = 4 months

Meg invested $35,800 in a water park this year. After renovations, she expects her investment to be worth an additional 12% next year. Assuming it increases by 12% each year, you can use a function to approximate the value of Meg's investment x years from now.Write an equation for the function. If it is linear, write it in the form f(x)=mx+b. If it is exponential, write it in the form f(x)=a(b)x.