Harry invests £5000 for 3 years.

Mathematics

1 answer:

mixas84 [53]2 years ago

5 0

Answer:

600

Step-by-step explanation:

Harry invests £5000 for 3 years.

He gets a simple interest of 4% per year.

Work out the total interest Harry gets.

Solution

The formula for simple interest

S.I = P*R*T/100

Where P = Principal = £5000

R = Rate = 4%

T = Time = 3 years

£ 5000 * 4 * 3 /100

50 * 4 * 3

£ 600.

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