Math, asked by 12jameelahkajee, 3 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

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