Rewrite the fraction 29/50 with a denominator of 100
1 answer:
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Answer:
£21552.
Step-by-step explanation:
Given information:
Principal amount = £18790
Rate of simple interest =4.9% = 0.049 per year
Time = 3 years
Formula for simple interest:
where, P is principal, r is rate of interest and t is time in years.
Total amount after 3 year is
Therefore, Dan have £21552 after 3 years.