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Edin has £300 in his saving account. His bank offers him a fixed 5% intrest per annum ,for three years.How much interest will he have in three years

User Pavan T
by
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1 Answer

11 votes

Answer:

£45

Explanation:

Given data

P= £300

R=5%

T= 3 years

SI= PRT/100

substitute

SI= 300*5*3/100

SI=4500/100

SI= £45

Hence the interest is £45

User Prathamesh More
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