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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
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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
4.2k points

1 Answer

5 votes

Answer:

£6800 times (1.05)to the power of 6

=£9112.65

Explanation:

User BrunoVT
by
3.2k points
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