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9 June, 10:36

Question 1: Paul leaves £4000 in the bank for two years.

It earns compound interest of 5% per year.

Calculate the total amount Paul has in the bank at the end of the two years.

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Answers (1)
  1. 9 June, 10:40
    0
    4410

    Step-by-step explanation:

    A=Px (1+R) ^n

    4000x (1+0.05) ^2=4410
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