Math, asked by 12jameelahkajee, 5 months ago

Dan invests £8200 into his bank account.
He receives 2% per year compound interest.
How much will Dan have after 7 years?
Give your answer to the nearest penny where appropriate

Answers

Answered by anubhavshukla6

7

Answer:

A = P(1+R/100)^T

P- 8200

R - 2

T - 7

A =9419.2

Answered by galwinsamuel2001

4

Step-by-step explanation:

Amount at Compound interest=Principal×(1+interest rate)^7

=£8200×(1.02)^7

=£9419.22

Previous Question

Next Question

Similar questions

Social Sciences, 2 months ago

what is the full form of ussa...

English, 2 months ago

Before astronauts can fly on space, they have to unelerge hundreds of hour of training. The complete training lasts about two years. During these time the candidates read darger sgumes of books and study material in order to quality for the training. They learn about spare and much . other things related to it, like how a spacecraft work and how it is operated. They & also taught how...

English, 2 months ago

Question 25 A suitable moral for this story would be: A: a friend in need is a friend indeed. B: never rely on your friends in a time of crisis. C. popularity does not mean friendship. D: friendship does not exist among animals. E. in a time of crisis you discover who your true friends ...

History, 5 months ago

1-Segundo o vídeo de quando são os primeiros registros sobre a escravização da nossa história e em qual local? 2- Durante a antiguidade, nas sociedades como Grécia e Roma antigas: A) Como uma pessoa se tornava um escravo? B) A escravidão era de acordo e restrito a uma determinada cor de pele de um povo ou local em que moravam? C)Os escravizados nesses locais e períodos mencionados na...

Math, 5 months ago

Simplify: a. (-89) + (-23) - (-45) ...

Science, 10 months ago

what is use of esters in our daily life ...

Math, 10 months ago

If A and B are acute angles and sin(A+B)=1, cos(A-B)= √3/4 Find angles A and B Find tan A and tan B...

English, 10 months ago

verb form anirudh____ not leave yet...