1. Arjun puts £750 into his savings account. The account earns 5% simple interest per annum. After 4 years, how much money will Arjun have in his savings account?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

LKarma asked Jun 13, 2023

61,520 views

41 votes

1. Arjun puts £750 into his savings account. The account earns 5% simple interest per annum. After 4 years, how much money will Arjun have in his savings account?

Mathematics
college

LKarma asked Jun 13, 2023

by LKarma

3.1k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

20 votes

Answer:

=£900

Explanation:

750 * (1+4*5%)

750 * (1+4*0.05)

=900

Gaussblurinc answered Jun 18, 2023

by Gaussblurinc

2.6k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions