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£2300 is invested for 4 years at 5%
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£2300 is invested for 4 years at 5%

User Hahaha
by
3.3k points

1 Answer

6 votes

Answer:

£460

Step-by-step explanation:

Simple interest =PRT/100

Where P = principal

R= rate

T = Time

Given

P= £2300

T= 4yrs

R = 5%

Interest = 2300 x 5 x 4/100

Interest = 46000/100

Interest = £460

User Sergey Zenchenko
by
3.6k points
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