Answer:
£1690
Step-by-step explanation:
Amount invested by Brian = £1300
rate of simple interest = 10%
To find money Brian will have after three years
He will have amount invested in bank and interest earned in three years from that amount.
Simple interest for any principal amount p is given by
SI = P*R * T /100
where SI is simple interest earned
T is time period for which simple interest is earned
R is rate of interest
Substituting value of P , R and T we have
SI = 1300*10* 3 /100 = 390
Therefor interest earned will be £390
Total money with Brian after three years = principal amount invested + interest earned in 3 years
= £1300 + £390 = £1690
