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Amanda borrows £1200. She has to pay 21% per year simple interest. How much interest will Amanda have to pay in 3 years?
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5 votes
Amanda borrows £1200. She has to pay 21% per year simple interest. How much interest will Amanda have to pay in 3 years?

User Marwen Trabelsi
by
4.1k points

2 Answers

8 votes
Using the equation of compound interest, i.e.;
A=P(100+%/100)
We simplify and substitute, and get:
A= 2125.8732
So, you answer is £2125.8
User Existe Deja
by
4.4k points
0 votes

Answer:

756

Explanation:

21% of 1200 is 252

252 x 3 = 756

User Bart Sy
by
4.1k points
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