Zaynab decides to put £3000 in a bank account which pays 5% compound interest per year. She wants to know what would be the balance of this account after 8 years.

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asked Mar 6, 2022 111k views

17 votes

Zaynab decides to put £3000 in a bank account which pays 5% compound interest per year.

She wants to know what would be the balance of this account after 8 years.

Mathematics
high-school

Ecm asked

by Ecm

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7 votes

balance would be 1,800

Maxbester answered Mar 9, 2022

by Maxbester

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11 votes

Interest rates during the 8 years will be = 1200£

3000-1200=1800 left

Misterte answered Mar 10, 2022

by Misterte

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