Dan invests £13000 into his bank account. He receives 4,7% per year simple interest. How much will Dan have after 6 years? Give your answer to the nearest penny where appropriate,

Simple interest formula:

Total = start value x (1 + (rate x time))

Total = 13,000 x (1 + (0.047 x 6))

Total = 13000 x 1.282

Total = £16,666

from the figure we get,

the x axis shows   the months and,

the y-axis shows the number of satisfied customer.

each line or each cell in upward direction (y-axis) shows 500.

the appropriate scale for the y - axis is: -

a = 2000 customers

b = 4000 customers

c = 6000 customers

d = 8000 customers

e = 10000 customers

f = 12000 customers

g = 14000 customers