Question

Number> Percentages > 94 - Compound Interest > Quiz
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Colin invests £3500 into his bank account.
He receives 5% per year compound interest.
How much will Colin have after 6 years?
Give your answer to the nearest penny where appropriate.

Answer 1

Answer:

Step-by-step explanation:

A=p(1+r/100)^n

A=€3500×1.3400956406

A=€4690