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Dan invests £800 into his bank account. He receives 5% per year compound interest. How much will Dan have after 4 years? Give your answer to the nearest penny where appropriate.…

Dan invests £800 into his bank account. He receives 5% per year compound interest. How much will Dan have after 4 years? Give your answer to the nearest penny where appropriate.…
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Dan invests £800 into his bank account. He receives 5% per year compound interest. How much will Dan have after 4 years? Give your answer to the nearest penny where appropriate.

asked
User MohammadSoori
by
8.2k points

1 Answer

0 votes

Answer:

£972.41

Explanation:

1 x 0.5 =1.05

1.05x 800 ^4= £972.405

rounded is £972.41

answered
User KDrewiske
by
8.1k points
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