emilyab979 emilyab979

19-03-2020
Mathematics

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Colin invests £3500 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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fayemioluwatomisin fayemioluwatomisin

19-03-2020

Answer:

Step-by-step explanation:

A=p(1+r/100)^n

A=€3500(1+5/100)^6

A=€4690

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