Jordan invests £16200 into his bank account.
He receives 2.5% per year simple interest.
How much will Jordan have after 5 years?
Give your answer to the nearest penny where appropriate.
Answers
Answered by
1
Answer:
18025
Step-by-step explanation:
p= 16200
r=2.5 pa
t=5 year
SI = (16200*2.5*5)/100
= 2025
A = P+SI
= 16200+2025
=18025
Answered by
0
Answer:
112.50
Step-by-step explanation:
Let the principal be 100
100 ___1Y -2.5%____ 102.5
5Y - 12.5 % ___112.50 %
112.50 Answer
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