Question

Brian invests £2500 into his bank account.
He receives 2.5% per year simple interest.
How much will Brian have after 5 years?
Give your answer to the nearest penny where appropriate.

Answer 1

Step-by-step explanation:

I=PTR/190

I=2500×2.5×5/100

---312.5

A=P+I

A=2500+312.5

---2812.5