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mylen [45]
2 years ago
15

Colin invests £1500 into a savings account. The bank gives 4% compound interest for the first 3 years and 5% thereafter. How muc

h will Colin have after 4 years to the nearest pound?
Mathematics
1 answer:
fomenos2 years ago
6 0

1500(1+0.04)^3 = 1687.30

1687.30(1+0.05) = 1771.67 to the nearest pound: 1772

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