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
17
Answer:
£9348
Step-by-step explanation:
S.I. = prt/100 = 8200*2*7/100 = £1148
Amt. He will get = principal + S.I. = £(8200+1148) = £9348
Answered by
45
Answer:£9419.22
Step-by-step explanation:
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