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 appropria…

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 appropria…
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

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
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?
Link Copied!