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Colin invests £5000 into his bank account. He receives 10% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate. PLEASE VERY VERY VERY
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Colin invests £5000 into his bank account.

He receives 10% per year simple interest.
How much will Colin have after 3 years?
Give your answer to the nearest penny where appropriate.
PLEASE VERY VERY VERY URGENT

User Danyel
by
5.4k points

1 Answer

3 votes
You answer is 6,500 it’s very easy you just multiply your numbers your working with then you add you principal plus interest hope this help you
User BeNdErR
by
4.6k points
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