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sergey [27]
4 years ago
13

Colin invests £1200 into his bank account.

Mathematics
2 answers:
melamori03 [73]4 years ago
8 0

Answer:

After 3 years, he will have £3960,00

Step-by-step explanation:

Simple interest is defined as:

a = p(1 + rt)

Where:

a = final amount

p = principal / original amount

r = decimal rate of interest

t = number of years

Therefore:

a = 1200(1 + 0.1)(3) \\  = 1200(1.1)(3) \\  = 3600 \times 1.1 = 3960

Molodets [167]4 years ago
5 0
The answer is after 3 years he will have £3960,00


Hope this will help you! :)
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