Question

Brian invests £13400 into his bank account.
He receives 6.5% per year simple interest.
How much will Brian have after 5 years?

Answer 1

Answer:

17755

Step-by-step explanation:

given invest = £13400

interest=6.5% per year

time =5 years

we know that the simple interest formula is

invest * interest* time/100

13400*6.5*5/100= 4355

so total received balance =13400+4355=17755

hope it wilp help you