IDNLearn.com is designed to help you find the answers you need quickly and easily. Discover detailed and accurate answers to your questions from our knowledgeable and dedicated community members.

Luke invests £34000 into an account that pays 3.4% compound interest per
annum for the first two years, and 2.3% thereafter.
COMPLETION
34%
Given that the interest is paid into his account monthly (and calculated
monthly), work out how much money Luke will have in his account after 6
years and 3 months.