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£400 for 3 years at 7% years per annum
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£400 for 3 years at 7% years per annum

User DotNetUser
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The easiest way to do this is the following: if the amount increases with 7% each year, it means that you have to multiply the £400 by 1,07. Then you multiply that answer by 1,07 and one time again. The final answer is 490,0172
User Jahrel
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