Question

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.

Answer 1

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 £

Answer 2

Answer:

17,755 is your answer hope this helps

Step-by-step explanation: