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

What did Susan B. Anthony do?
What is the name of the national anthem?
Given the balanced equation representing reaction: N2 + energy ==> N + N Which statement describes this reaction? ( I) Bonds are broken, and the reaction is
What is the name of the national anthem?
Name one war fought by the United States in the 1800s.
Name one U.S. territory
When a sample of a gas is heated in a sealed, rigid container from 200. K to 400. K, the pressure exerted by the gas is (1) decreased by a factor of 2. (2) incr
What ocean is on the West Coast of the United States?
Which condensed structural formula represents an unsaturated compound? (1) CH3CHCHCH3 (3) CH3CH3 (2) CH3CH2CH3 (4) CH4
When must all men register for the Selective Service?