Dan invests £8200 into his bank account. He receives 2% per year compound interest. How much will Dan have after 7 years? Give y

Question

4 years ago

12

our answer to the nearest penny where appropriate

2 answers:

Daniel [21] · Answer 1 · 2021-12-20T23:04:02+03:00

6 0

Answer:

9509.32

Explanation:

After 1 Year = 8444

After 2 Years = 8612.88

After 3 Years ≈ 8785.14

After 4 Years ≈ 8960.84

After 5 Years ≈ 9140.06

After 6 Years ≈ 9322.86

After 7 Years ≈ 9509.32

JulijaS [17] · Answer 2 · 2021-12-21T01:34:00+03:00

6 0

Answer:

£9348

Explanation:

S.I. = prt/100 = 8200 × 2 × 7/100 = £1148

Amt. He will get = principal + S.I. = £(8200+1148) = £9348

=£9348