Dana invests £5000 for 4 years in a savings account She gets 2% per annum compound interest in the first year, then x% for 3 years, Dana has £5508.23 at the end of 4 years, work out the value of x.

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Broatian asked Jan 14, 2023

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Dana invests £5000 for 4 years in a savings account She gets 2% per annum compound interest in the first year, then x% for 3 years, Dana has £5508.23 at the end of 4 years, work out the value of x.

Mathematics
high-school

Broatian asked Jan 14, 2023

by Broatian

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14 votes

Answer:

£1,330.46

Hope this helps, mate!

Explanation:

Hope this helps, mate! :)

Aravind Sivam answered Jan 19, 2023

by Aravind Sivam

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