Dylan invests £1570 in a bank account. The account gathers compound interest at a rate of 0.5% per month.
How much money will be in the account after 7 months? Give your answer in pounds to the nearest 1p.

Question

03-06-2024
Mathematics

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Dylan invests £1570 in a bank account. The account gathers compound interest at a rate of 0.5% per month.
How much money will be in the account after 7 months? Give your answer in pounds to the nearest 1p.

Sagot :

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Dylan invests £1570 in a bank account. The account gathers compound interest at a rate of 0.5% per month. How much money will be in the account after 7 months? Give your answer in pounds to the nearest 1p.

Sagot :

Other Questions

Dylan invests £1570 in a bank account. The account gathers compound interest at a rate of 0.5% per month.
How much money will be in the account after 7 months? Give your answer in pounds to the nearest 1p.