68.4k views
2 votes
Help Plzzz.........​

Help Plzzz.........​-example-1
User Helfer
by
8.2k 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
8.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories