Question

PLEASE CAN SOMEBODY HELP ME:

£1500 is invested at 12% per annum
(a) Work out the interest at the end of 1 year.
(b) How much interest will be earned at the end of 5 years?​

Answer 1

Answer: 180 and 900

Step-by-step explanation:

1500/ 100 x 12 = 180

5 years; 180x 5 = 900