Dan invests £22000 into his bank account.
He receives 2.5% per year simple interest.
How much will Dan have after 3 years?
Give your answer to the nearest penny where appropriate.
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Answer:
Step-by-step explanation:
P = 22000
R = 2.5%
T = 3
I = 22000 x 2.5 x 3/100
= 1650
A = P + I
A = 22000 + 1650
= 23650
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