Math, asked by khanaaleyah9, 5 hours ago

Dan invests £800 into his bank account.
He receives 5% per year compound interest.
How much will Dan have after 4 years?
Give your answer to the nearest penny where appropriate.

Answers

Answered by marvelyash21347

1

principle= £800

time = 4 years

rate of interest = 5% annually

Amount = 800(1+5/100)⁴

= 972.405

compound interest = £ 172.405

<(￣︶￣)>

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