Brian invests £13400 into his bank account. He receives 6.5% per year simple interest. How much will Brian have after 5 years? Give your answer to the nearest penny where appropriate.
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Answered by
21
Step-by-step explanation:
simple interest for one year
= 13400×1×6.5 / 100
= 134×13/2 = 67×13 = 871 £
Simple interest of five years
= 871×5 = 4355 £
After five years , Brian have
= 13,400+4,355 = 17,755 £
Answered by
0
Answer:
17,755 is your answer hope this helps
Step-by-step explanation:
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