document.write( "Question 1205017: If £100 is invested at compound interest of 8% per annum determine, the value after 10 years. \n" ); document.write( "
Algebra.Com's Answer #841597 by ikleyn(52794)\"\" \"About 
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\n" ); document.write( "If £100 is invested at compound interest of 8% per annum determine, the value after 10 years.
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document.write( "The value after 1-st year is  \"100%2A%281%2B0.08%29\" = \"100%2A1.08\".\r\n" );
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document.write( "The value after 2-nd year is  \"100%2A1.08%5E2\".\r\n" );
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document.write( "The value after 3-rd year is  \"100%2A1.08%5E3\".\r\n" );
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document.write( ". . . and so on . . . \r\n" );
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document.write( "The value after 10-th year is  \"100%2A1.08%5E10\" = £215.89   (rounded).    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "To see many other similar  (and different)  solved problems on compounded interest accounts,  look into the lesson\r
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\n" ); document.write( "\n" ); document.write( "Learn the subject from there.\r
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