Lindy puts £ 78 into an account which pays inrerest at a rate of 5% per anum. What will be the simple interest after 6 years .wh
at will be the amount in her account after 6 years .
2 answers:
Answer:
£101.4
Step-by-step explanation:
Interest = PRT/100
Given
Principal P = £78
Time T = 6yrs
Rate R = 5%
Interest = 78 x 5 x 6 /100
Multiply through
= 2340/100
= 23.4
= £23.4
Amount after 6 yrs = principal + interest
= £78 + £23.4
= £101.4
Answer:
Interest: £23.4
Amount: £101.4
Step-by-step explanation:
6 × 5/100 × 78 = 23.4
Balance: 78 + 23.4 = 101.4
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