Remi invests £600 for 5 years in a savings account.
1 answer:
Answer:
225600
Step-by-step explanation:
Simple interest formula:
A = P(1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
So...
A = 600(1 +(75 x 5) )
75 x 5 = 375
1 + 375 = 376
600 x 376 = 225600
A = 225600
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