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Colin invests £300 into his bank account. He receives 5% per year compound interest. How much will Colin have after 6 years? Give your answer to the nearest penny where appropriate.
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Colin invests £300 into his bank account.

He receives 5% per year compound interest.
How much will Colin have after 6 years?
Give your answer to the nearest penny where appropriate.

User Sinoth
by
7.0k points

1 Answer

5 votes
It’s 402€. Explains
User Aaron Montgomery
by
7.3k points
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