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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?
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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?

User Alnilam
by
7.6k points

1 Answer

1 vote

Answer:

=£900

Explanation:

750 * (1+4*5%)

750 * (1+4*0.05)

=900

User Lukasgeiter
by
8.6k points
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