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Tommy takes out a loan of £2600. It gathers simple interest at a rate of 2.5% per annum. He pays back the loan after 10 years. How much money does he have to pay back? Give your answer to the nearest £1​
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Tommy takes out a loan of £2600. It gathers simple interest at a rate of 2.5% per annum. He pays back the loan after 10 years. How much money does he have to pay back? Give your answer to the nearest £1​

User Roy Ryando
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1 Answer

3 votes

Answer: £3250

Explanation:

Tommy takes out a loan of £2600. It gathers simple interest at a rate of 2.5% per-example-1
User VIISHRUT MAVANII
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