Question

Dan invests £1500 into his bank account.
He receives 3% per year simple interest.
How much will Dan have after 2 years?
Give your answer to the nearest penny where appropriate.

Answer 1

Step-by-step explanation:

I=PTR/100

---1500×3×2/100

---15×6

---90.

A=P+I

---1500+90

---1590

(or)

A=P(1+TR/100)

---1500(1+3×2/100)

---1500(100+6/100)

---1500×106/100

---15×106

---1590

(or)

directly

100+3×2 =100+6=106

1500×106/100

15×106

1590

Answer 2

Answer:

the answer is 1590

Step-by-step explanation:

because it is. you are welcome for me answering your question correctly. thank you. bye.