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lions [1.4K]
3 years ago
9

Patrick invested money into a special savers bank account each year money in the account earns 4% interest after one year, the t

otal amount of money in the account was £291.20 how much did Patrick invest?
Mathematics
1 answer:
Fudgin [204]3 years ago
3 0

Answer: £280

Step-by-step explanation:

After a year, the total amount that was in the account was £291.20 which according to the question is 4% more than the amount Patrick invested.

Assume the amount invested is x.

x + 0.04x = 291.20

1.04x = 291.20

x = 291.20/1.04

= £280

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