Abi invest€500 for 4 years in a bank account pays simple interest at a rate of 2.3% per year work out the total amount of the in

Question

3 years ago

11

terest abi has got at the of 4years find the answer

1 answer:

timofeeve [1] · Answer 1 · 2022-08-15T09:15:38+03:00

7 0

Answer:

46euros

Step-by-step explanation:

Formula- I=P*R/100*T

P=principal amount R=rate T=time

Compute the values given in the question to this formula

So, it would be-

I= 500*0.023*4

I= 46euros

And that's all!