Jordan invests £2400 into his bank account.
He receives 2.5% per year simple interest.
How much will Jordan have after 6 years?
Answers
Answered by
1
Answer:
Step-by-step explanation:
Answered by
1
Answer:
£2760
Step-by-step explanation:
given: principal(p)= £2400, interest (r)= 2.5 p.c.p.a., years (n)=6 years
therefore, simple interest = P×R×N ÷100
=2400×2.5×6÷100
=36000÷100
=£360
therefore ,amount = P+I
= 2400+360
= £2760
ans statement:The amount with Jordan after 6 years is £2760
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