Colin invests £1200 into his bank account. He receives 5% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate. £ Do not use a calculator Get help Report a mistake to HegartyMaths Quit assessment On-screen keypad ON OFF Check Skip 789qwert
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Answer:
£1380
Step-by-step explanation:
5% of £1200= £60
60 x 3= 180
1200+ 180= £1380
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