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3 years ago

10

Edin has £300 in his saving account his bank offers his a fixed 5% simple interest rate per annum for a period of 3 years how mu

ch interest will he have earned after 3 years ?

1 answer:

mote1985 [20]3 years ago

5 0

Answer:

45

Step-by-step explanation:

The simple interest formula is

I=p×r×t

I interest earned?

P principle 300

R interest rate 0.05

T time 3years

So

I=300×0.05×3

I=45

interest will he have earned in 3 years is 45

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