Brian invests £1500 into his bank account. He receives 2% per year simple interest. How much will Brian have after 3 years?
Answers
Answered by
3
Answer:
1590
Step-by-step explanation:
I=(1500×2×3)÷100
=9000÷100
=90
ANS. =1500+90=1590
Answered by
3
Step-by-step explanation:
lets consider £1500 invested money is for per year.
then S.I. = principal x rate x time
---------------------------------------
100
S.I. = 1500 x 2 x 3
---------------------
100
S.I. = 90
Amount = principal + S.I.
Amount = 1500 + 90
Amount = 1590 (answer)
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