Answer:
the money after 11 years is £15,735.12
Step-by-step explanation:
The computation of the amount after 11 years is given below:
Future value = Present value × (1 + rate of interest)^number of years
= £9,200 × (1 + 0.05)^11
= £9,200 × 1.05^11
= £9,200 × 1.710339358
= £15,735.12
Hence, the money after 11 years is £15,735.12
