2 years ago

Macy Chapman - Answers to lea

Mathematics

1 answer:

djverab [1.8K]2 years ago

3 0

Answer:

£5083

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 2.1%/100 = 0.021 per year,

then, solving our equation

I = 4600 × 0.021 × 5 = 483

I = £ 483.00

The simple interest accumulated

on a principal of £ 4,600.00

at a rate of 2.1% per year

for 5 years is £ 483.00.

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