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?

13

step-by-step explanation:

169-1=168

168-3=165

165-5=160

160-7=153

153-9=144

144-11=133

133-13=120

120-15=105

105-17=88

88-19=69

69-21=48

48-23=25

25-25=0

since it took 13times to completely subtract it hence its square root is 13

answer: b

step-by-step explanation:

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of