Question

Daniel invests £2200 into his bank account.
He receives 5% per year simple interest.
How much will Daniel have after 2 years?
Give your answer to the nearest penny where appropriate.

Answer 1

He will get 22000 pennies

Answer 2

Answer:220 £

Step-by-step explanation:

If Daniel have 5%in year there

for in 2 year's he have 10% interest from the bank

Now we know that 5% of 2200£ is equal to 110£ therefore 10% of 2200£ is 220£