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
0
Here's ur answer
given : Principal = £990
Rate = 2.7%
Time = 4yrs
( 4yrs = 12 × 4 = 48 months)
interest = P × R × T ÷ 100
= 990 × 2.7 × 48 ÷ 100
= 128304 ÷ 100
= 1283.04
SO, Brian will have £1283.04 after 4 years.
(if correct please mark me as the brainliest.)
Similar questions