Dan invests £8200 into his bank account.
1 answer:
Answer: £ 3675.79
Step-by-step explanation:
A = P(1 + r)^t
A = final amount = x
P = initial principal balance = 3200
r = interest rate = 0.02
t = number of years elapsed = 7
x = 3200(1.02)^7
x = 3200 * 1.14868567
x = 3675.79414
x = 3675.79
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