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Eden has 300 pounds in his savings accounts. his bank offers him a fixed 5 percent simple interest rate per annum, for a period of 3 years? How much interest will he have earned…

Eden has 300 pounds in his savings accounts. his bank offers him a fixed 5 percent simple interest rate per annum, for a period of 3 years? How much interest will he have earned…
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Eden has 300 pounds in his savings accounts. his bank offers him a fixed 5 percent simple interest rate per annum, for a period of 3 years?

How much interest will he have earned after 3 years?
​

User Giftcv
by
7.5k points

1 Answer

2 votes

Answer:

Interest of £45

Explanation:

£300×.05×3=£45

User Marlena
by
7.6k points
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