Brian invests £1200 into a savings account. The bank gives 3% compound interest for the first 2 years and 5% thereafter. How much will Brian have after 6 years to the nearest pound?
Answers
Answered by
7
Answer:
$(1274+1555.42) = $2829
Step-by-step explanation:
A = $ 1,274.11
A = P + I where
P (principal) = $ 1,200.00
I (interest) = $ 74.11
ADDED TO; the remaining 4 years, 5% and the principal has changed to $1,274 calculation
A = $ 1,555.42
A = P + I where
P (principal) = $ 1,274.00
I (interest) = $ 281.42
Answered by
8
Answer:
1547
Step-by-step explanation:
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