Question

Brian invests £990 into his bank account. He receives 5.2% per year simple interest. How much will Brian have after 2 years? Give your answer to the nearest penny where appropriate.

Answer 1

brian will get $ 1069.2 after 4 year

Given:-

Brian invest ( principle )$ 990

rate = 2%

Time = 4

To find:-

How much will Brian have after 4 years

Solution:-

Here,

\begin{lgathered}simple \: interest \: = \frac{p \times n \times r}{100} \\ \\ s.i = \frac{990 \times 4 \times 2}{100} \\ \\ s.i = \frac{396}{5} \\ \\ s.i = 79.2\end{lgathered}

simpleinterest=

100

p×n×r

​

s.i=

100

990×4×2

​

s.i=

5

396

​

s.i=79.2

​

\begin{lgathered}now \\ \\ for \: \: amount \\ \\ amount = principle \: +s .i \\ \\ amount = 990 + 79.2 \\ \\ amount \: = 1069.2\end{lgathered}

now

foramount

amount=principle+s.i

amount=990+79.2

amount=1069.2

​

hence,

brian will get $ 1069.2 after 4 year

Answer 2

Answer:

9782.50

Step-by-step explanation: