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Frank I puts £5000 in a bank account for 6 years with an interest rate of 7.5% . what is the Amount at the end of that time?
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5 votes
Frank I puts £5000 in a bank account for 6 years with an interest rate of 7.5% . what is the Amount at the end of that time?

User Elevener
by
4.7k points

1 Answer

3 votes

Answer:

£2250

Explanation:

Interest= p×r×t÷100

Interest= 5000×7.5×6÷100

Interest= 225000÷100

Interest= £2250

User Calebt
by
5.5k points
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