Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Brian invests £8500 into his bank account.
He receives 5% per year compound interest.
How many years will it take for Brian to have more than £10000?


Sagot :

Step-by-step explanation:

should be 4

8500x1.05 8925

8925x1.05 9371.25

9361.25x1.05 9839

9839x1.05 10331

Answer:

I guess the answer is 4 years.