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- Colin invests £1100 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 appropr…

- Colin invests £1100 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 appropr…
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6 votes
- Colin invests £1100 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 Jclehner
by
8.0k points

2 Answers

8 votes
Simple interest = principal x time x rate
= 1100 x 3 x 5 /100
=165.00
=£165.00
User Jake Reece
by
8.5k points
11 votes

Answer:

it is 1265 ?!?!?!!?!?!!?

Explanation:

work out

User Pwilcox
by
8.2k points
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