Register
Dan invests £6800 into his bank account. He receives 5% per year compound interest. How much will Dan have after six years? Give your answer to the nearest penny where appropriate
154k views
5 votes
Dan invests £6800 into his bank account. He receives 5% per year compound interest. How much will Dan have after six years? Give your answer to the nearest penny where appropriate

User Zlidime
by
8.8k points

1 Answer

5 votes

Answer:

£6800 times (1.05)to the power of 6

=£9112.65

Explanation:

User BrunoVT
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
9/10 divided by (1/10 plus 2/5)
Link Copied!