Answer:
£960
Step-by-step explanation:
So you start of by calculating the interest for one year.
8,000 × 0.04 = 320
Because the interest rate is 4% you will write it as 0.04
And because it is simple interest, you will need to multiply 320 by 3 to get the amount of interest she will get after 3 years.
320 × 3 = 960
If you wanted the total amount of money she would have after receving the interest, you just have to add 960 to the starting amount of 8,000.
8,000 + 960 = 8,960
In this, you are assuming that she doesn't take any money out or put any money in for those 3 years.
I think that's right anyway.
