Dan invests £2500 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
2
Answer:
Dan pays 3000 to the bank
Step-by-step explanation:
we know Simple intrest=P×T×R÷100
given,
P=2500
T=2
R=5% per year, so for 2 years it will be
R=10%
S. I=2500×2×10÷100
S. I=500
then, total amount will be
Principal amount+simple intrest
total amount=2500+500
=3000
Answered by
5
Answer:
the correct answer is 2750
Step-by-step explanation:
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