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

The main purpose of a particle accelerator is to
when two elements react together they make a compound substance called a?
Is the united stayes better than scandinavian counties for heart disease
Who was first Europeans to encounter North America? A.) Vikings B.) Spanish C.) Portuguese D.) conquistadors
What is the purpose of analyzing a play?
Is "Her brothers grew up and moved away." A compound sentence
Which process is responsible for cracks in successive strata in the earth?
how many grams of hydrogen peroxide (H2O2) must be added to 1,500 ml of water to produce a concentration of 1.33m (molai solution)
What value is missing from the table?
whom do the two men seated at the table represent what this cartoon suggest about american attitudes toward immigration in the late 1800s how do you know this w