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PLEASE SHOW YOUR WORKING OUT THANKS Abi invests £500 for 4 years in a bank account. The account pays simple interest at a rate of 2.3% per year. Work out the total amount of interest Abi has got at the
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PLEASE SHOW YOUR WORKING OUT THANKS

Abi invests £500 for 4 years in a bank account. The account pays simple interest at a rate of 2.3% per year. Work out the total amount of interest Abi has got at the end of 4 years.

User Sandeep Sukhija
by
8.6k points

2 Answers

5 votes

The answer is 4years * 0.023 percent * 500 =

2000 * 0.023 = £46

User Jim Arnold
by
8.4k points
4 votes
4years * 0.023 percent * 500 =
2000 * 0.023 = £46
User Ctuffli
by
7.8k points
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