Colin invests £4600 into his bank account. He receives 4% per year compound interest. How much will Colin have after 7 years? Give your answer to the nearest penny where appropriate.
Answers
Answered by
56
Answer:
dont listen to the other answer other wise you'll get the question wrong you need to add penny's/the decimals in as well the answer is £6053.29
Step-by-step explanation:
basically if you do 104% of 4600 in a calculator which is 4784 then you do it again like 104% of 4784 repeat this 7 times using the new answer and you'll eventually get £6053.29
Answered by
17
Answer:
idk
Step-by-step explanation:
so idk
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