Answer: £18704.32.
Explanation:
To increase a value by a certain percentage, you can use the formula:
New value = Original value + (Original value x (Percentage increase/100))
In this case, to increase £16470.45 by 13.5%:
New value = 16470.45 + (16470.45 x (13.5/100))
New value = 16470.45 + 2233.8675
New value = 18704.3175
Rounded to 2 decimal places, the new value would be £18704.32.