Max invests some money in a savings bond.
1 answer:
Answer:
£5650
Step-by-step explanation:
The money max invested in the saving bond = x
After one year the intrest will be 2% of x
Amount = £5763
Amount = Principcal + Interest
= £5763 = x + 2% multiplied x
£5763 = x + 2x/100
= 50x/50 + x/50 = 5763
= 51x/50 = £5763
51x = 5763x50
51x = 288, 150
x = 288,150/51
x = 5650
So the money max invested = £5650
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