Dan invests £18790 into his bank account. He receives 5.3% per year simple interest. How much will Dan have after 7 years? Give your answer to the nearest penny where appropriate.
Answers
Answered by
2
Answer £1278.23
Step-by-step explanation: first divide £18790 by 4.9 then divide again by 3.
Answered by
2
Answer:
25761.09
Step-by-step explanation:
5.3/100 = 0.053
0.053 x 18790 = 995.87
995.87 x 7 = 6971.09
6971.09 + 18790 = 25761.09
I hope this helped xx
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