yasarhan2 yasarhan2

06-12-2018
Mathematics

contestada

18 POINTS

Dan invests £11000 into a savings account. The bank gives 3.9% compound interest for the first 3 years and 4.5% thereafter. How much will Dan have after 7 years to the nearest pound?

Respuesta :

lauracajar lauracajar

12-12-2018

Answer:1

14713.11

Step-by-step explanation:

first 3: a=11000(1+0.039)^3 = 12337,85

7th year= 12337.85(1+0.045)^4=14713.11

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