Brian invests £1700 into his bank account.
He receives 10% per year simple interest.
How much will Brian have after 2 years?
Give your answer to the nearest penny where appropriate.
Answers
Answered by
28
Answer:
Step-by-step explanation:
Brian invests £1700 into his bank account.
He receives 10% per year simple interest.
How much will Brian have after 2 years?
Give your answer to the nearest penny where appropriate.
Answered by
10
Answer:
£340
Step-by-step explanation:
Formula for Simple Interest is :
Principle Amount * Rate of Interest * Time taken
/100
= £1700 * 10 * 2/100
= £ 340
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