Register
Brian invests £2300 into his bank account. He receives 10% per year simple interest. How much will Brian have after 2 years? Give your answer to the nearest penny where appropriate.
122k views
0 votes
Brian invests £2300 into his bank account.

He receives 10% per year simple interest.
How much will Brian have after 2 years?
Give your answer to the nearest penny where appropriate.

User Argyle
by
6.3k points

1 Answer

2 votes
2760

You work out the amount of interest Brian gets in one year by finding 10% of 2300 which is 230. You multiply this by the number of years (2) to get 460. You add 460 to 2300 to get 2760.
User Todd Mazierski
by
6.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.1m questions

9.5m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
What is 25% of 500.00
Link Copied!