Question

Simple interest 34,100 at 4% for 3 years ​

Answer 1

Find 4 %

1% = £341
4% = 341 X 4 = £1364

£1364 X 3 years = £4092

Based on the 4% interest per year

If it was 4% interest per month...


£1364 X 36 months/3years = £49,104

Answer 2

Explanation:

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