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.
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Step-by-step explanation:
amount = 100+3×10
-----------100+30=130
£1200×130/100
=£1560
the problem is done based on the formula A=P(1+TR/100)
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