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➷ Find the multiplier:
1 + (3.4/100) = 1.034
Use this formula:
Final = original x multiplier^n
n is the number of years
Substitute the values in:
final = 6000 x 1.034^3
Solve:
final = 6633.0438
This can be rounded to the final answer of £6633.04
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➶ Hope This Helps You!
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