Neil places £2000 in a bank account that pays a 1.5% simple interest per year.
How much interest will he earn in 6 years?
Answers
Answered by
3
Step-by-step explanation:
Answer 180
Interest =PNR/100
P = 2000
N = 6 Years
R = 1.5%
Interest =(2000x6x1.5)/100
= 180
Answered by
3
Answer:
£ 180
Step-by-step explanation:
Given Data :
P = £ 2000
R = 1.5%
N = 6 Years
Si = (P*R*N)/100
= (2000*1.5*6)/100
= (18000)/100
= £ 180
Thus intrest earned at the end of 6 Years will be £ 180
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