jorisbohnson444 jorisbohnson444

26-02-2021
Mathematics

contestada

Cynthia invests some money in a bank which pays
5% compound interest per year
She wants it to be worth over £8000 at the end of 3 years
What is the smallest amount, to the nearest pound, she can invest?

Respuesta :

26-02-2021

Answer:

£1200

Step-by-step explanation:

£8000 divide by 5% = 400

£400 times 3 = £1200

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