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25-01-2022
Mathematics

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Alex invests £3175 for n years into a savings account.

Alex was paid 2.75% per annum compound interest.

At the end of the n years Alex had £4641.83 in the savings account.

Work out the value of n.

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tomoh2005 tomoh2005

25-01-2022

Answer:

n = 14

Step-by-step explanation:

3175(1+2.75%)^n=4641.83 we input this in the calculator and we get n = 14

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