Question

Nadia invests £2800 at a simple intrest rate of 3.5% per annum. how much intrest will the money she invested have gathered after 6 years

can i have the answer to this

Answer 1

3388

Firstly we take the percentage of the interest which is £2800×3.5%=98

Using the formula

S.I = P×R×T/100

2800×3.5%×6/100