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If £100 is invested at compound interest of 8% per annum determine, the value after 10 years.
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The value after 1-st year is = .
The value after 2-nd year is .
The value after 3-rd year is .
. . . and so on . . .
The value after 10-th year is = £215.89 (rounded). ANSWER
Solved.
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To see many other similar (and different) solved problems on compounded interest accounts, look into the lesson
- Compounded interest percentage problems
in this site.
