Question

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.

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.