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Dan invests £2700 into his bank account. He receives 2% per year compound interest. How much will Dan have after 4 years?

Dan invests £2700 into his bank account. He receives 2% per year compound interest. How much will Dan have after 4 years?
102k views
5 votes
Dan invests £2700 into his bank account.

He receives 2% per year compound interest.
How much will Dan have after 4 years?

User JoeyRobichaud
by
6.8k points

1 Answer

4 votes
2700*1.02^4
=2922.566832
U can round it to 2dp
User Calvin Froedge
by
8.8k points
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