dinostremz1145
contestada

Dan invests £8000 into his bank account.
He receives 2% per year compound interest.
How much will Dan have after 3 years?
Give your answer to the nearest penny where appropriate.


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Respuesta :

mahomies248
If 8000 dollars multiplied by 2% is 160 dollars and 160 dollars multiplied by 3 years gives you the answer of 480 dollars

Answer:

£8,489.66

Step-by-step explanation:

1+ 0.2=1.02

8000x1.02 ^3= £8489.664

simplified=£8,489.66