Question

Brian invests £1800 into his bank account. He receives 5% per year simple interest. How much will Brian have after 6 years? Give your answer to the nearest penny where appropriate.

Answer 1

Step-by-step explanation:

Money invested :- £1800

Rate :- 5% per annum

Time:- 6 years

Simple Interest :- (P*R*T) /100

= (1800*5*6)/100 = 18*5*6 = £540

Amount = Principal + Simple interest

Amount = £1800+£540= £2340 is the answer

Answer 2

Answer:

the correct answer is 3263.98

Step-by-step explanation: