Question

Priti invests £6500 in a savings account for 5 years.

The account pays simple interest at a rate of 2.2% per year.
Work out the total amount of interest Priti gets by the end of the 5 years.

Answer 1

£143

Explanation:

6500 ÷ 5 = 1300

1300 × 2.2 ÷ 100 = 28.6

28.6 x 5 = 143