Question

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

Answer 1

Answer:

(1700*2*10)/100

=340

total amount 1700+340=2040

Answer 2

prt/100=170 (interest of 1st year)

for 2 year 170*2=240(intrest of 2 year)

Amount he will get = 1700+340=2040