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Dana invests £5000 for 4 years in a savings account She gets 2% per annum compound interest in the first year, then x% for 3 years, Dana has £5508.23 at the end of 4 years, work…

Dana invests £5000 for 4 years in a savings account She gets 2% per annum compound interest in the first year, then x% for 3 years, Dana has £5508.23 at the end of 4 years, work…
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18 votes
Dana invests £5000 for 4 years in a savings account She gets 2% per annum compound interest in the first year, then x% for 3 years, Dana has £5508.23 at the end of 4 years, work out the value of x.

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asked
User ZunTzu
by
7.8k points

1 Answer

10 votes

Answer:

£1,330.46

Hope this helps, mate!

Explanation:

Hope this helps, mate! :)

answered
User BJack
by
9.1k points
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