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galben [10]
2 years ago
15

Brian invests £4700 into his bank account.

Mathematics
2 answers:
Andreas93 [3]2 years ago
8 0

Answer:

  £5518.93

Step-by-step explanation:

The compound interest formula will tell you the value of the investment after 3 years.

__

<h3>formula</h3>

  A = P(1 +r)^t

where principal P is invested at rate r compounded annually for t years.

__

<h3>application</h3>

  A = £4700(1 +0.055)^3 ≈ £5518.93

Brian will have £5518.93 after 3 years.

Verdich [7]2 years ago
7 0
The answer is 775.5.

5.5% of 4700 is 258.5.

258.5 x 3 is 775.6.

Hope this helps, good luck!
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<u>Solution:</u>

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