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.
Answers
Answered by
3
S.I = P×R×N
------
100
£990×2.7×4 ÷100
= £106.92
Simple Interest = £106.92
Total amount received after 4 years = £990 + £106.92 = £1096.92
Hope this helps you....
Similar questions