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Margarita [4]
2 years ago
7

Cynthia invests some money in a bank which pays 5% compound interest per year.

Mathematics
1 answer:
maxonik [38]2 years ago
4 0

Answer:

£6956.52

Step-by-step explanation:

Given data

R=5%

A= £8000

T= 3 years

P=???

The compound interest is

A=P(1+r)^t

8000= P(1+0.05)^3

8000= P(1.05)^3

8000= P1.15

P= 8000/1.15

P=6956.52

Hence she needs to invest £6956.52

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Step-by-step explanation:

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4 0
2 years ago
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Answer:

Following are the solution to this question:

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3 years ago
What is (9x + 5) - (6x - 8)?<br> What is (4x + 10) - (-3x + 5)?
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4 0
3 years ago
Read 2 more answers
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now, X ≥ 0, and X ∈ R.

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if x is a rational (or irrational) number, such as 1.5, then x +1 = 2.5

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