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3 years ago

£2300 is invested for 4 years at 5% per year simple interest. Work out the total interest

Mathematics

2 answers:

ivolga24 [154]3 years ago

7 0

Answer:

£460

Step-by-step explanation:

Simple interest =PRT/100

Where P = principal

R= rate

T = Time

Given

P= £2300

T= 4yrs

R = 5%

Interest = 2300 x 5 x 4/100

Multiply through

Interest = 46000/100

Interest = £460

Hatshy [7]3 years ago

6 0

Answer: £460

Step-by-step explanation:

Use this formula to find the total interest $I=\frac{P*R*T}{100}$

I stands for interest, P is principal, R is rate, and T is time.

Principle = £2300

Rate = 5%

Time = 4 years

$\frac{2,300*5*4}{100} =\frac{46,000}{100} =460$

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! :-)

- Cutiepatutie ☺❀❤

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