Answer:
<em>171200 pennies</em>
Step-by-step explanation:
Amount after 2 years = Principal + Interest
Given
Principal = £1600
Rate = 3.5%
Time = 2years
Get the interest
Interest = PRT/100
Interest = 1600*3.5*2/100
Interest = 32 * 3.5
Interest = £112
Get the amount after 2 years;
Recall that:
Amount after 2 years = Principal + Interest
Amount after 2 years = 1600 + 112
Amount after 2 years = £1712
<em>Hence the amount Dan will have after 2 years is £1712</em>
<em>1712 pounds = (1712 * 100)penny</em>
<em>1712 pounds = 171200 pennies</em>