Question

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

Answer 1

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!