Question

Colin invests £100 into his bank account.

He receives 4% per year compound interest.
How much will Colin have after 7 years?
Give your answer to the nearest penny where appropriate.

Answer 1

6,083.29

i just got the answer after doing it wrong so heres the answer it told me

Answer 2

The answer is $131.59

After year 1

104

Year 2

108.16

Year 3

112.49

Year 4

116.98

Year 5

121.67

Year 6

126.53

Year 7

$131.59