Question

Brian invests £1500 into his bank account. He receives 2% per year simple interest. How much will Brian have after 3 years? Give your answer to the nearest penny where appropriate

Answer 1

1590

Explanation:

1500 x 0.02

= 30

30 x 3

= 90

1500+90 = 1590

(ps.. there was an equation for this i just forgot it, you can look it up and check it)