PLEASE CAN SOMEBODY HELP ME: £1500 is invested at 12% per annum (a) Work out the interest at the end of 1 year. (b) How much interest will be earned at the end of 5 years?

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Khanpo asked Sep 14, 2022

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PLEASE CAN SOMEBODY HELP ME:

£1500 is invested at 12% per annum
(a) Work out the interest at the end of 1 year.
(b) How much interest will be earned at the end of 5 years?

Mathematics
high-school

Khanpo asked Sep 14, 2022

by Khanpo

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Answer: 180 and 900

Step-by-step explanation:

1500/ 100 x 12 = 180

5 years; 180x 5 = 900

Yura Loginov answered Sep 21, 2022

by Yura Loginov

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