Colin invests £300 into his bank account. He receives 5% per year compound interest. How much will Colin have after 6 years? Give your answer to the nearest penny where appropriate.
Answers
Answered by
33
Answer:
£402.03
Step-by-step explanation:
300 x 1.05 x 1.05 x 1.05 x 1.05 x 1.05
Answered by
1
Answer:
£402.03
Step-by-step explanation:
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