A bank account gathers compound interest at a
rate of 5% each year.
Another bank account gathers the same amount of
money in interest by the end of each year, but
gathers compound interest each month.
If Cameron puts £4200 into the account which
gathers interest each month, how much money
would be in his account after 2 years and
7 months?
Give your answer in pounds to the nearest 1p.