unaysahraja05051 unaysahraja05051

04-06-2020
Mathematics

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Dan invests £1200 into his bank account.
He receives 5% per year compound interest.
How much will Dan have after 5 years?
Give your answer to the nearest penny where appropriate

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msafirirobin msafirirobin

04-06-2020

Answer:

300 euros

Step-by-step explanation:

1200 x 5 x 5=30000/100=300

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Pippa3446 Pippa3446

04-06-2020

Answer:

£1531.53

Step-by-step explanation:

Times 1200 by 1.05 then times the new answer by 1.05 until done 5 times

Answer Link

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