Answer:
£7448
Step-by-step explanation:
Simple interest (I) is calculated as
I = [tex]\frac{PRT}{100}[/tex]
P is principle ( amount invested), R is rate of interest and T is time in years.
Here P = £5600, R = 11 and T = 3 , thus
I = [tex]\frac{5600(11)3)}{100}[/tex] = £1648
Value after 3 years = £5600 + £1848 = £7448
