Dan invests £11125 into his bank account.
He receives 3.3% per year simple interest.
How much will Dan have after 4 years?
Give your answer to the nearest penny where appropriate
Answers
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Step-by-step explanation:
A=P(1+TR/100)
----11125(1+3.3×4/100)
----11125(1+13.2/100)
----11125(100+13.2/100)
----11125(113.2/100)
----12593.5
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