£2300 is invested for 4 years at 5% per year simple interest what is the total interest?

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asked Apr 12, 2021 68.3k views

4 votes

£2300 is invested for 4 years at 5% per year simple interest what is the total interest?

Mathematics
high-school

Trenton Schulz asked

by Trenton Schulz

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2 Answers

2 votes

Answer: interest = £460

Explanation:

SI = prt / 100

SI = 2300 x .05 x 4

SI = 460

Kazem answered Apr 15, 2021

by Kazem

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7 votes

Answer:

£460

Explanation:

Investment= £2300

Time= 4 years

Interest rate= 5% PA simple

Total interest= £2300*4*5/100= £460

Francois Nadeau answered Apr 18, 2021

by Francois Nadeau

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