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

Believing that all football players are academically challenged, that all African Americans are great athletes, and that all women can cook well are examples o
The Scopes Trial was about: a. Freedom of the press b. Teaching evolution in school c. Prayer in school
question number 4 please help
What's a Protective tariff?
Which geological features did Sally Ride observe from orbit?
What is the source of the following phrase: “Government of the people, by the people, for the people”?
The 15th Amendment, which granted African Americans the right to vote, was passed on which date?
United States lawyer and politician who advocated free silver and prosecuted John Scopes (1925) for teaching evolution in a Tennessee high school
How many words are in the Pledge of Allegiance? a. 31 b. 22 c. 29
According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study: a. is positive. b. outweigh