5 £120000 is invested at 7.4% p.a. compound interest for 5 years. a Find the future value of the investment. 6 How much interest is earned?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 6GP
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5 £120000 is invested at 7.4% p.a. compound interest for 5 years.
a Find the future value of the investment.
6 How much interest is earned?
Transcribed Image Text:5 £120000 is invested at 7.4% p.a. compound interest for 5 years. a Find the future value of the investment. 6 How much interest is earned?
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