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Brian invests £4700 into his bank account. He receives 5.5% per year compound interest. How much will Brian have after 3 years? Give your answer to the nearest penny where appropriate.
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Brian invests £4700 into his bank account.

He receives 5.5% per year compound interest.
How much will Brian have after 3 years?
Give your answer to the nearest penny where appropriate.

User Melkawakibi
by
5.3k points

1 Answer

5 votes

Answer:

He will have 6,408 dollars in the next 3 years.

Explanation:

User Helen Wood
by
4.7k points
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