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Colin invests £4800 into his bank account.
He receives 3% per year compound interest.
How much will Colin have after 7 years?
Give your answer to the nearest penny where appropriate.
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Ayden invested $32,000 in an account paying an interest rate of 3.6% compounded monthly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 6 years?
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