Question

Cai invests £2500 in an account that pays 3.55% simple interest interest per year. He takes out his money after 2.75years. what is the value of the investment when he takes out the investment

Answer 1

So now,

you know the formula for simple interest is P×R×T divided by a hundred?

So 2500 times 3.55 times 2.75 divided by 100