15aherbert 15aherbert

26-04-2018
Mathematics

contestada

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?

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purnigetalal purnigetalal

01-05-2018

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11000 x (1.039)^3 x (1.045)^4 = 14713

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