Answered

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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.

Sagot :

mohammedsissa1999

Answer:

£160

Step-by-step explanation:

Ammount he receives per year times 4.

800 x 0.05 x 4

= £160

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