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3 years ago

15

Henry invest 4500 at a compound interest rate of 5% per annum. At the end of n complete years the investment has grown to 5469.7

8. Find the value of n

1 answer:

MArishka [77]3 years ago

7 0

4500 x 1.05^n = 5469.78 Solve for n
n≈4.00001
n=4

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