Math, asked by joshuawalters05, 1 year ago

Colin invests £1200 into his bank account.
He receives 10% per year simple interest.
How much will Colin have after 3 years?
Give your answer to the nearest penny where appropriate.

joshuawalters05: need help

joshuawalters5: Colin invests £4800 into his bank account.
He receives 3% per year compound interest.
How much will Colin have after 7 years?
Give your answer to the nearest penny where appropriate.

bangarambindu: 5903

bangarambindu: £4800×103/100---6times=5903

Answers

Answered by bangarambindu

Step-by-step explanation:

£1200×130/190

12×130

1560

amount = interst + principal

amount = 10×3+100

amount=30+100

amount=130

Previous Question

Next Question

Colin invests £1200 into his bank account. He receives 10% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate.

Answers

Colin invests £1200 into his bank account.
He receives 10% per year simple interest.
How much will Colin have after 3 years?
Give your answer to the nearest penny where appropriate.