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James wins the lottery and gets £200,000. He decides to spend 10% of his winnings and invest the rest. From the money he has invested, he receives interest of 3% per year. How much money does James have after 5 years (to the nearest pound)?

James starts with £200,000.
He then spends 10% of his winnings:
200,000*(1-0.1)=180,000
The 1 represents 100%, which the amount of money James starts with. He then spends 10%, which is repr...

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Answered by Edward H. Maths tutor
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