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Brian invests £4700 into his bank account.
He receives 5.5% per year compound interest.
How much will Brian have after 3 years?
Give your answer to the nearest penny where appropriate.
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1 Answer

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The answer is 775.5.

5.5% of 4700 is 258.5.

258.5 x 3 is 775.6.

Hope this helps, good luck!
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