Brian invests £8500 into his bank account.
He receives 5.7% per year compound interest.
How much will Brian have after 6 years?
Give your answer to the nearest penny where appropriate.
Answers
Answered by
2
Answer:
A= P{1+R/100}™
A= 8500×(1+5.7/100)⁶
A=8500×1.057×1.057×1.057×1.057×1.057×1.057
A=8500×1.39(Approx. value)
A=11815
Compound Intrest=Amount-Principal
11815-8500
=3315
Step-by-step explanation:
mere hisaab se yahi aana chaahiye nahi to formula use karke check kar lena
Answered by
1
Answer:
£11854.11
Who needs a explanation.
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