Jordan invests £700 into his bank account.
He receives 10% per year simple interest.
How much will Jordan have after 3 years?
Give your answer to the nearest penny where appropriate.
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Jordan invests = £700
Rate of interest = 10% per annum
Interes per year = 700 into 10/100 = 70
Interest of 3 years = 70 into 3 = 210
Answer= amount + interest
£700+210
= £910
Rate of interest = 10% per annum
Interes per year = 700 into 10/100 = 70
Interest of 3 years = 70 into 3 = 210
Answer= amount + interest
£700+210
= £910
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