Question

sarah invests £9600 at a simple intrest rate 8% per year work out the value of the investment after 3 years ?

Answer 1

Answer:

11,904

Step-by-step explanation:

Simple interest = PRT/100 where,

P = initial investment,

R = rate and

T = time.

So interest on £9600 = 9600×8×3/ 100

= £2304

So the value after 3 years = 9600 + 2304

= £11,904

Answer 2

The value of the investment after 3 years is  £11904

Step-by-step explanation:

Principal =  £9600

Rate of interest = 8%

Time = 3 years

$SI = \frac{P \times T \times R}{100}$

$SI=\frac{9600 \times 3 \times 8}{100}$

SI=2304

Value of the investment after 3 years = 9600+2304=11904

So, the value of the investment after 3 years is  £11904

#Learn more:

Rs. 10000 is invested at 5% intrest rate per anem .find the intrest at the end of one year

https://brainly.in/question/6477907