Brian invests £1900 into his bank account. He receives 4.5% per year compound interest. How much will Brian have after 7 years?

asked Oct 3, 2022 143k views

24 votes

Brian invests £1900 into his bank account.

He receives 4.5% per year compound interest.
How much will Brian have after 7 years?

by Tommo

4.9k points

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9 votes

Answer:

£2585.64

Explanation:

FV=PV(1+i)^t

Which means we have

1900(1+.045)^7

1900(1.045)^7

2585.64

Klkitchens answered Oct 8, 2022

4.4k points

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