© Dan invests £1500 into his bank account. He receives 3% per year simple interest. How much will Dan have after 2 years? Giv

Question

© Dan invests £1500 into his bank account.
He receives 3% per year simple interest.
How much will Dan have after 2 years?
Give your answer to the nearest penny where appropriate.​

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Đan Thu 5 years 2021-08-15T01:23:15+00:00 2 Answers 202 views 1

Answers ( )

  1. nguyetanh
    0
    2021-08-15T01:24:29+00:00
    Reply

    Answer:

    £1590

    Step-by-step explanation:

    Simple interest = PTR/100

    = £1500x2x3/100

    = 15x2x3 = 90

    £90 is simple interest

    So amount = Principcal + Interest

    Amount = 1500 + 90

    = £1590

  2. Euphemia
    0
    2021-08-15T01:24:36+00:00
    Reply

    Answer:

    i = p \times r \times t \div 100

    1500×3×2÷100=90

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