- 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.

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asked Oct 17, 2022 160k views

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.

Mathematics
high-school

Jclehner asked

by Jclehner

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2 Answers

8 votes

Simple interest = principal x time x rate
= 1100 x 3 x 5 /100
=165.00
=£165.00

Jake Reece answered Oct 18, 2022

by Jake Reece

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11 votes

Answer:

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

Explanation:

work out

Pwilcox answered Oct 23, 2022

by Pwilcox

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