Harry invests £6000 into a savings account
the account pays 3.4% compound interest per year
work out the value of his investment after 3 years
give your answer to the nearest penny

➷ Find the multiplier:

1 + (3.4/100) = 1.034

Use this formula:

Final = original x multiplier^n

n is the number of years

Substitute the values in:

final = 6000 x 1.034^3

Solve:

final = 6633.0438

This can be rounded to the final answer of £6633.04

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

an advantage of the standard deviation is that it increases as the dispersion of the data increases. e. the interquartile range is preferred when the data are not skewed or no have outliers. an advantage of the standard deviation is that it uses all the observations in its computation.

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step-by-step explanation: