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Dan invests £13000 into his bank account. He receives 4.7% per year simple interest. How much will Dan have after 6 years? Give your answer to the nearest penny where appropriate.
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Dan invests £13000 into his bank account. He receives 4.7% per year simple interest. How much will Dan have after 6 years? Give your answer to the nearest penny where appropriate.

User Terra
by
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1 Answer

2 votes

Explanation:

SI = PxTxR/100

SI= (13000)(6)(4.7)/100

SI = 366600/100

SI= 3666

User Bluenuance
by
7.0k points
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