Dylan invested some money in his bank.
He agreed a simple interest rate of 3% per annum for a period of 2 years.
At the end of the 2-year period the value of his investment increased by £72.
Work out the value of Dylan's initial investment.
Answers
Answered by
2
Answer:
£1200
Step-by-step explanation:
72 divided by 2= 36
36 divided by 3= 12
12 times 100 =1200
£1200
Answered by
0
Answer:
Step-by-step explanation:
3percent is 0.03a
two years is0.03a x2=0.06a
0.06a=72
a=72 divid by 0.06=1200
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