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Keri invests £500 into an account that pays 5.5% compound interest per annum. Work out how much money Keri will have in her account after 16 years.
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Keri invests £500 into an account that pays 5.5% compound interest per annum. Work out how much money Keri will have in her account after 16 years.

User Giraffe Lion
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1 Answer

3 votes

Answer:

500×1.055^16=1177.63

User Greg Maletic
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