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Jordan invests £16200 into his bank account. He receives 2.5% per year simple interest. How much will Jordan have after 5 years? Give your answer to the nearest penny where appropriate.
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Jordan invests £16200 into his bank account.

He receives 2.5% per year simple interest.
How much will Jordan have after 5 years?
Give your answer to the nearest penny where appropriate.

User Haniff
by
6.7k points

1 Answer

0 votes

Answer:

18225

Explanation:

16200*0.025*5=2025

2025+16200 = 18225

User Shahar Kazaz
by
6.1k points
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