Brian invests £990 into his bank account. He receives 2.7% per year simple interest. How much will Brian have after 4 years? Give your answer to the nearest penny where appropriate.
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Hey there fellow being
Hope this proves to be useful
I= PRT/100
=990×2.7×4/100
=10692/100
=£106.92
Therefore the amount he earns after 4 years is the interest added to the principal amount
i.e P+I=990+106.92= £1096.92
This is the closest and most exact answer
Correct me if I am wrong..
KUDOS!!
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