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Help Plzzz.........​

Help Plzzz.........​-example-1
User Helfer
by
4.5k points

1 Answer

3 votes

Answer:

£7448

Explanation:

Simple interest (I) is calculated as

I =
(PRT)/(100)

P is principle ( amount invested), R is rate of interest and T is time in years.

Here P = £5600, R = 11 and T = 3 , thus

I =
(5600(11)3))/(100) = £1648

Value after 3 years = £5600 + £1848 = £7448

User SkaveRat
by
5.4k points