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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.
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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.

User CnativeFreak
by
3.5k points

1 Answer

7 votes

Answer:

£143

Explanation:

6500 ÷ 5 = 1300

1300 × 2.2 ÷ 100 = 28.6

28.6 x 5 = 143

User Asfourhundred
by
3.5k points
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