58.2k views
0 votes
Please can you help it says £300

is invested in a bank there is £330 at the end of the year what is the % interest

Please can you help it says £300 is invested in a bank there is £330 at the end of-example-1
User Tom Barron
by
6.9k points

1 Answer

5 votes
This can be done algebraically:

300*x=330 Where x is the multiplier
Therefore x=330/300=1.1

To find a percentage of a number you multiply by the percentage divided by 100.
So 330 is 110% of 300, which is an increase of 10%.
User Sody
by
7.4k points