jessicameavewatson1 jessicameavewatson1
  • 04-05-2020
  • Mathematics
contestada

Colin invests £1200 into his bank account.
He receives 10% per year simple interest.
How much will Colin have after 3 years?
Give your answer to the nearest penny where appropriate.

Respuesta :

Chelboy
Chelboy Chelboy
  • 04-05-2020

Answer:£1236

Step-by-step explanation:

principal(p)=£1200

rate(r)=10%

Time(t)=3years

Simple interest=(p x r x t) ➗ 100

Simple interest=(1200x10x3) ➗ 100

Simple interest=3600 ➗ 100

Simple interest=36

Total amount=principal +simple interest

Total amount=1200+36

Total amount=1236

Answer Link

Otras preguntas

60 musicians applied for a job at a music school. 14 of the musicians play both guitar and drums. What is the probability that the applicant who gets the job pl
Which of the following compounds does NOT contain molecules? Question 2 options: CO2 H2 NaCl H2O
suppose a-b=0 what’s ab
What it is chemistry?
complete the steps to find 4.830 ÷ 5
if rs 900 amounts to rs 1044 in 4 years, what sum will amount to 1368 in 3 1/2 years at the same rate
What is one of the main problems that can occur when implementing a large number of new systems within an organization?
Linda loans her friend $250 with a 5% monthly intrest rate. How much was the whole loan?
how did the russian revolution impact world war l ?
_____is the ideal that all people should be treated equally. A. Rule of law B. Representative government C. Limited government The bill of rights and the decla