Question

Brian invests £1300 into his bank account.
He receives 10% per year simple interest.
How much will Brian have after 3 years?
Give your answer to the nearest penny where appropriate.

Answer 1

Brain got 10%of 1300 in one year that is 10/100×1300=130. So Brain got 3×130= 390 interest in three year ... Total amount =1300+390=1690

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