Register
Kim places £500 in a bank account the pays 3% simple interest each year how much interest will she earn each year? how much will she have in her account after 1 year
1.0k views
2 votes
Kim places £500 in a bank account the pays 3% simple interest each year

how much interest will she earn each year?
how much will she have in her account after 1 year

User Thednp
by
5.8k points

1 Answer

0 votes
She will gain 3% each year and after one year she will gain £15 leaving her total at £515
User Eric Murphey
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.7m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!