Question

Please help!:)

Daniel invests £2200 into his bank account.
He receives 5% per year simple interest.
How much will Daniel have after 2 years?
Give your answer to the nearest penny where appropriate

Answer 1

Answer: £2425.50

Explanation:

£2200 x 1.05 (1.05 squared) (i dont know how to do the little 2)