£4000 is invested in a fund which earns 11% compound return per year.
After 5 years, you remove half the balance, leaving the remainder in the fund.
How much would the fund be worth after 10 years.
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Answer:£2,200
Step-by-step explanation:
£4000 x 11 x 5
----------------------
100
.
. . 0 cancel 0, 0 cancel 0
remains £40 x 11 x 5
=£440 x 5
= £2,200
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