Question

Brian invests £1800 into his bank account.

He receives 5% per year simple interest.
How much will Brian have after 3 years?

Answer 1

Explanation:

`\underline{ \underline{ \text{Given}}} :`

• Principal ( P ) = £ 1800
• Rate ( R ) = 5%
• Time ( T ) = 3 years

`\underline{ \underline{ \text{To \: find}}} :`

• Total amount

`\underline{ \underline{ \text{Solution}}}:`

First , finding the amount of interest :

`\boxed{ \sf{Interest = (PTR)/(100)}}`

⇢
`\sf{Interest = (1800 * 5 * 3)/(100)}`

⇢
`\sf{Interest = (27000)/(100)}`

⇢
`\sf{Interest = £ 270}`

Now , Finding the total amount :

`\boxed {\sf{Total \: amount = Principal + Interest}}`

⇢
`\sf{Total \: amount = 1800 + 270}`

⇢
`\sf{Total \: amount = \: £ 2070}`

`\red{\boxed{ \boxed{ \tt{Our \: final \: answer : brian \: will \: have £ 2070 \: after \: 3 \: year.}}}}`

Hope I helped ! ♡

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