colin invests £3300 into his bank account.
he receives 3% per year compound interest.
how much will colin have after 4 years?
give your answer to the nearest penny where appropriate.

$3714.18

Step-by-step explanation:

From the question;

Amount invested is $3300

Rate of interest 3% per year compound interest

Time is 4 years

We want to determine the amount that accrued after 4 years

In this case we are going to use the compound interest formula;

That is;

where A is the amount, P is the principal , r is the rate of interest and n is the time taken.

Therefore;

= $3714.18

Therefore, the amount accrued after 4 years is $3714.18

i dont know if you cant find a way its best to actually add all of them start from 105 tho

step-by-step explanation:

you'll just earn points here

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