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3 years ago

Brian invests £13400 into his bank account.

Mathematics

1 answer:

Iteru [2.4K]3 years ago

4 0

9514 1404 393

Answer:

£17,755

Step-by-step explanation:

The formula for the balance of a simple-interest account is ...

A = P(1 +rt) . . . . P is the amount invested, r is the annual rate, t is years

A = £13400(1 + 0.065(5)) = £13400(1.325) = £17,755

Brian will have £17,755 after 5 years.

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