Colin invests £9100 into his bank account. He receives 2.5% per year simple interest. How much will Colin have after 3 years?
Answers
Answered by
4
Answer:
Total amount paid will be 11147.5
Step-by-step explanation:
Simple interest=PTR÷100
given,
principal amount (P) =9100
Time(T) =3
Rate(R) =2.5% per year,
then for three years it will be
Rate(R) =7.5%
S. I=9100×3×7.5÷100
S. I=2047.5
Then, total amount=principal amount+S.I
=9100+2047.5
Total amount=11147.5
Answered by
2
Answer:
£9782.50 yur welcome
Step-by-step explanation:
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