There is £3000 in a account. The bank offers fixed 5% simple interest for 3 years. How much interest after 3 years?

Jeremie asked Aug 27, 2023

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Jeremie asked Aug 27, 2023

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23 votes

Explanation:

Interest = P*R *T/100

3000*5*3/100

=450

3 years =450*3 = 1350

ZiglioUK answered Aug 31, 2023

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