Kingzion1595 Kingzion1595

19-12-2020
Mathematics

contestada

Colin invests £4300 into his bank account. He receives 4% per year compound interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate.

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Eddie1Wan Eddie1Wan

19-12-2020

Answer:

Colin will have £4836.9152

Step-by-step explanation:

Amount after 3years=£4300(1+4/100)³

Amount=£4836.9152

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