£
![A=P[1+\frac{R}{100}]^T](/tpl/images/1061/6689/cb0be.png)
![8000=P[1+\frac{5}{100}]^3](/tpl/images/1061/6689/18d55.png)
£
Cynthia invests some money in a bank which pays
5% compound interest per year.
She wants it t...
Mathematics, 25.01.2021 14:20 florochoa217
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?
Answers: 2
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