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A bank account gathers compound interest at

a rate of 5% each year.
Another bank account gathers the same
amount of money in interest by the end of
each year, but gathers compound interest
each month.
If Abraham puts £4300 into the account which
gathers interest each month, how much money
would be in his account after 2 years and
5 months?
Give your answer in pounds to the nearest 1p.

User Gurmeet
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1 Answer

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Have a great day the answer is in the comments
User Anneliese
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