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Dan invests £13000 into his bank account. He receives 2.3% per year simple interest. How much will Dan have after 4 years? Give your answer to the nearest penny where appropriate.
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4 votes
Dan invests £13000 into his bank account. He receives 2.3% per year simple interest. How much will Dan have after 4 years? Give your answer to the nearest penny where appropriate.

User Sasi Kumar M
by
4.3k points

1 Answer

4 votes

Answer:

=14237.90

Explanation:

13000*1.023^4=14237.89832

=14237.90

User Cyril CHAPON
by
3.9k points
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