Question

Dan invests £1000 into his bank account.
He receives 10% per year simple interest.
How much will Dan have after 2 years?
Give your answer to the nearest penny where appropriate

Answer 1

Answer:

1200pound

Step-by-step explanation:

what you do is 10% of 1000 which is 100

then you do 100 multiplied by 2

you get 200

then add 1000 and 200

you get 1200