document.write( "Question 1060504: Colin invests £1500 into a savings account. The bank gives 4% compound interest for the first 3 years and 5% thereafter. How much will Colin have after 4 years to the nearest pound?
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Algebra.Com's Answer #675439 by addingup(3677)![]() ![]() You can put this solution on YOUR website! 1500(1+0.04)^3 = 1687.30 \n" ); document.write( "1687.30(1+0.05) = 1771.67 to the nearest pound: 1772 \n" ); document.write( " |