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Colin invests £4000 into his bank account. He receives 5% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate.
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16 votes
Colin invests £4000 into his bank account. He receives 5% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate.

User Erikas
by
8.3k points

1 Answer

7 votes

Answer:

2750

Explanation:

User Rohan Kushwaha
by
7.7k points
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