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.
Answers
Answered by
6
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
Answered by
0
Answer:
the answer is 1590
Step-by-step explanation:
because it is. you are welcome for me answering your question correctly. thank you. bye.
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