Compound interest 8RA K
OOOX
Compound interest
1 If £500 is invested for 3 years at a rate of compound interest of 4% per
annum, how much will be in the account after 3 years?
£562.43
in his
2. Dave invests £3000 at a rate of interest of 6% a year. How much
account after 5 years?
3. Glenn invests £7000 at a rate of interest of 2% for 4 years.
a. What is the total in his account after the 4 years?​

Which statement best explains whether the table represents a linear or nonlinear function? input (x) output (y) 2 5 4 10 6 15 8 20 it is a linear function because the input values are increasing. it is a nonlinear function because the output values are increasing. it is a linear function because there is a constant rate of change in both the input and output. it is a nonlinear function because there is a constant rate of change in both the input and output.