eloisehorn1 eloisehorn1

06-10-2020
Mathematics

contestada

Dan invests £800 into his bank account. He receives 5% per year compound interest. How much will Dan have after 4 years? Give your answer to the nearest penny where appropriate.

Respuesta :

abidahoque47 abidahoque47

06-10-2020

Answer: £1021

Step-by-step explanation:

100% + 5% = 105% = 1.05

800 x (1.05^5) =

£1021

Answer Link

1806731 1806731

26-10-2020

Answer:

£972.41

Step-by-step explanation:

1 x 0.5 =1.05

1.05x 800 ^4= £972.405

rounded is £972.41

Answer Link

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