Brian invests £8200 into his bank account. He receives 6.0% per year simple interest. How much will Brian have after 2 years? Give your answer to the nearest penny where appropriate.
Answers
Answered by
12
Step-by-step explanation:
interest for two yrs = 6*2= 12%
Amount = (100+12)% = 112%
100% = 8200
112% = 82*112
= 9184
Answered by
7
Solution:-
Principal =£8200
Rate=6
Time=2
Simple interest=(P×R×T)/100
=(£8200×6×2)/100
=£82×12
=£984
Amount=Principal +interest
=£8200+£984
=£9184
Answer :Brian will have a total of £9184at the end of second year.
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