Dan invests £3400 into his bank account. He receives 5% per year compound interest.
How much will Dan have after 6 years?
Give your answer to the nearest penny where appropriate

Step-by-step explanation:

Step one:

given data

Principal =£3400

rate= 5%= 0.05

time = 6years

Step two:

Required

The final amount A

A= P(1+r)^t

A=3400(1+0.05)^6

A=3400(1.05)^6

A=3400*1.341

A=$4556

after 6 years Dan will have $4556

hey there!

if she's saving for six months, let's divide the total number we need for the trip by six, dividing it into the amount that needs to be saved for each month.

500 ÷ 6 =

she needs to save at least this amount each month, so we should use this symbol: ≥

let x be the amount she saves each month.

your final answer is x ≥

hope this !

the arc length is found by finding the circumference of the full circle (2xpixradius) and then dividing by 4 to find just one quarter of the circle (90 degrees).