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
2
Answer:
A=9419
Step-by-step explanation:
A=p(1+i)^n
= 8200(1+0.02)^7
=9419
Similar questions
Social Sciences,
5 months ago
Biology,
5 months ago
Hindi,
5 months ago
Sociology,
10 months ago
English,
1 year ago
Accountancy,
1 year ago