menu
Qammunity
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
Faith invests £800 for 3 years in a bank account. The account pays simple interest at a rate of 0.4% per year Work out the total amount of interest Faith has got at the end of the 3 years.
asked
Dec 1, 2024
194k
views
4
votes
Faith invests £800 for 3 years in a bank account. The account pays simple interest at a rate of 0.4% per year Work out the total amount of interest Faith has got at the end of the 3 years.
Mathematics
college
Rehan
asked
by
Rehan
7.9k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
0
votes
0.4% of 800 = 0.8 x 4 = 3.2
3.2 x 3 = 9.6
800 + 9.6 = £809.60
Anthony Rutledge
answered
Dec 6, 2024
by
Anthony Rutledge
8.5k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Apr 5, 2024
136k
views
Callum invests £800 in an account which offers 4% simple interest per year. After 2 years he takes the money out. He reinvests half of it in another account, which offers 5% simple interest per year. He
German Lashevich
asked
Apr 5, 2024
by
German Lashevich
7.6k
points
Mathematics
high-school
1
answer
5
votes
136k
views
asked
Aug 26, 2021
12.4k
views
Dan invests £800 into his bank account. He receives 5% per year compound interest. How much will Dan have after 4 years? Give your answer to the nearest penny where appropriate.
MohammadSoori
asked
Aug 26, 2021
by
MohammadSoori
8.2k
points
Mathematics
high-school
1
answer
2
votes
12.4k
views
asked
May 20, 2021
110k
views
Billy invests £800 for 5 years in savings account By the end of the years he has received a total of £96 simple interest Work out the annual rate of simple interest
Scott Lemmon
asked
May 20, 2021
by
Scott Lemmon
7.7k
points
Mathematics
high-school
1
answer
1
vote
110k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity