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11 November, 22:33

A sum of $ 5000 is invested at a compound interest rate of 6.3 % per annum.

Write down an expression for the value of the investment after n full years.

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  1. Yesterday, 01:06
    0
    Finding the interest:

    6.3 / 100 = 0.063

    Solving:

    0.063 * n full years (=0.063n)

    0.063n * 5000
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