winstermagic
winstermagic winstermagic
  • 01-04-2020
  • Mathematics
contestada

Dan invests £6800 into his bank account.
He receives 5% per year compound interest.
How much will Dan have after 6 years?
Give your answer to the nearest penny where appropriate.
To the second decimal place don't round it up or down

Respuesta :

catherinejrabu
catherinejrabu catherinejrabu
  • 01-04-2020
£6800 times (1.05)to the power of 6
=£9112.65
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