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£13000 is invested at 5% compound interest per annum. What is the total interest earned after 4 years?

£13000 is invested at 5% compound interest per annum. What is the total interest earned after 4 years?
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£13000 is invested at 5% compound interest per annum. What is the total interest earned after 4 years?

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User Ammu
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1 Answer

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£13,000x1.05^4=£13,650
So she has earned £650

answered
User Sam Stokes
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8.2k points
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