Brian invests £600 into his bank account.
He receives 3.2% per year compound interest.
How much will Brian have after 6 years?
Give your answer to the nearest penny where appropriate

Respuesta :

Answer:

It will be £2520

Step-by-step explanation:

  1. 3.2=
  2. [tex] \frac{16}{5} [/tex]
  3. [tex] \frac{16}{5} \times 100 = 320[/tex]
  4. 320
  5. [tex]320 \times 6 = 1920[/tex]
  6. [tex]1920 + 600 = 2520[/tex]