Question 1134402
Formula: {{{A=p(1+r)^t}}} 

A = Final amount
P = initial amount
r = interest rate per year
t = number of years

For the first three years:

{{{A=11000(1+0.039)^3}}}
{{{A=12337.84551}}}

For the following four years:
{{{A=12337.84551(1+0.045)^(4)}}}
{{{A=14713.11026}}}
{{{A=14713}}} Rounded to the nearest pound.


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