Meaganleax Meaganleax

21-11-2021
Mathematics

contestada

Dan invests £18790 into his bank account. He receives 5.9% per year simple interest. How much will Dan have after 2 years? Give your answer to the nearest penny where appropriate.

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lishawn81 lishawn81

21-11-2021

Answer:

Dan would have a total of £21072.63 in his bank account after 2 years of simple interest.

Step-by-step explanation:

£18790 + 5.9% = £19 898.61 (Not rounding yet)

£19 898.61 + 5.9% = £21072.62799 --> £21072.63

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