Question

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.

Answer 1

Answer:

£ 910

Step-by-step explanation:

P =700 , R = 10% , T = 3yrs

SI = p × r × t / 100

= 700 × 10 × 3 / 100

= 210

therefore, total amount that Jordan have after 3 yrs = 700 + 210

= £ 910