Dan invests £11000 into his bank account.

He receives 7.5% per year simple interest.

How much will Dan have after 3 years?

Give your answer to the nearest penny where appropriate.

Question

Derick Shepherd

11 June, 17:37

+5

Answers (1)

Know the Answer?

Cailyn Hahn · Answer 1

First we hane to figure out how m7ch is the 7.5% of 11000. Then we can simply multiply it by 3 and voilà. Let me know if you need anuthing else.

Dan invests £11000 into his bank account.He receives 7.5% per year simple interest.How much will Dan have after 3 years?Give your answer to the nearest penny where appropriate.