Question

Daniel invests £2200 into his bank account.
He receives 10% per year simple interest.
How much will Daniel have after 2 years?
Give your answer to the nearest penny where appropriate.

Answer 1

Answer:

£440

Step-by-step explanation:

According to the question,

Daniel invests £2200 into his bank account and he receive 10% per year simple interest.

So, money he'll have after a year = 10% of 2200 = 220

Money he will have after two years = 220×2 = 440

So he will have £440 after two years

Answer 2

Answer:

for simple interest formula is

=PRN/ 100

P=2200 rs

R=10 percent

N= 2 yrs

so answer is,

2200× 10 ×2/ 100

/ means upon

2 zeros will cut .

then multiple 22×10×2

your after multiple will 440

hope it will help u.

diya.