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
Answered by
0
Step-by-step explanation:
amount =100+3×10
--------------100+30=130
£1200×130/100
=1560
sudeeptolodh786:
What is this amt. = prt/100 or S.I. = prt/100 and 1200*130/100 = 1560 is it right?
Its S.I. not amt.
Calculation is also wrong
ha it right
calculation is absolutely correct
A=P(1+TR/100)
based on this i have done the problem
if they asked about interest we use
Answered by
0
Answer:
£1560
Step-by-step explanation:
Principal = £1200
Rate of interest = 10% p.a.
Time = 3 years
S.I. = prt/100 = 1200*10*3/100 = £360
amount he will get = principal + S.I. = £(1200+360) = £1560
Pls mark me as brainliest
how can I do that
Similar questions