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2 years ago

£2,300 is invested for 4 years at 5% per year simple interest work out the total interest

Mathematics

1 answer:

Rama09 [41]2 years ago

3 0

Answer:

£460

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5%/100 = 0.05 per year,

then, solving our equation

I = 2300 × 0.05 × 4 = 460

I = £ 460.00

The simple interest accumulated

on a principal of £ 2,300.00

at a rate of 5% per year

for 4 years is £ 460.00.

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£2,300 is invested for 4 years at 5% per year simple interest work out the total interest​

£2,300 is invested for 4 years at 5% per year simple interest work out the total interest