3 years ago

Remi invests £600 for 5 years in a savings account.

Mathematics

1 answer:

Daniel [21]3 years ago

6 0

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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