Mathematics, 09.03.2021 22:10 ashcash61

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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Cynthia invests some money in a bank which pays 5% compound interest per year.
She wants it t...

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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?

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Another question on Mathematics

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?