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kim places £500 in a bank account that pays 3% simple interest per year, how much will she earn each year
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5 votes
kim places £500 in a bank account that pays 3% simple interest per year, how much will she earn each year

User Xanatos
by
6.7k points

2 Answers

5 votes

Answer:

£15

Explanation:

Interest = P × r × t

500 × (3/100) × 1

15

User Jontsnz
by
7.6k points
6 votes

Answer:

£15

Explanation:

500 divided by 100=5

5x3=15

User Mukesh Gupta
by
7.6k points
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