Answered

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harry invests £6000 in a savings account.
the account pays 3.4% compound interest every year.
after 3 years how much will his investment be

Sagot :

sudiptharu2063

Step-by-step explanation:

here,

principal (p)=£6000

Rate (R)=. 3.4%

time (t)=3 yrs

now,

total investment is compound amount i.e CA

here,

[tex]CA = p(1 + \frac{r}{100} ) ^{t} [/tex]

=£6000(1+3.4/100)^3

=£6633.044

here he will get his total investment as £6633.044 in compound interest of 3.4%

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