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Colin invests £2900 into his bank account,
He receives 3% per year compound interest.
How much will Colin have after 4 years?
Give your answer to the nearest penny where appropriate.

Respuesta :

The answer is 1353244penies
Emz101

Answer:

348 pounds

Step-by-step explanation:

Simple Interest = principal x rate x time

so, principal = 2900 x rate = 3/100 x time = 4 years

therefore, 2900 x 0.03 x 4 = 348 pounds