Math, asked by skymayo112, 5 months ago

Dan invests £1300 into his bank account.
He receives 5% per year simple interest.
How much will Dan have after 2 years?
Give your answer to the nearest penny where appropriate.

Answers

Answered by gopalpvr
1

P= £ 1300

T= 2 years

R= 5%

simple interest = PTR/100

1300 X 2 X 5/100

=130

AMOUNT = P+INTEREST

= 1300+130

= £ 1430

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