document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1137900>Question 1137900</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Brian invests £1200 into a savings account. The bank gives 3% compound interest for the first 2 years and 5% thereafter. How much will Brian have after 6 years to the nearest pound?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #755754 by </B><A HREF=/tutors/aboutme.mpl?userid=dkppathak><B>dkppathak(439)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=dkppathak><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=dkppathak><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=755754\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Brian invests £1200 into a savings account. The bank gives 3% compound interest for the first 2 years and 5% thereafter. How much will Brian have after 6 years to the nearest pound?<BR>\n" );
document.write( "solution <BR>\n" );
document.write( "amount after 6 yrs <BR>\n" );
document.write( "A=1200x1.03x1.03x1.05x1.05x1.05x1.05=1547.43<BR>\n" );
document.write( "by using A=p(1+r)^2(1+r)^4<BR>\n" );
document.write( "answer 1547.43 pounds approx  </SPAN>\n" );
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