Colin invests £1200 into his bank account. He receives 5% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate.

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asked Nov 13, 2021 5.2k views

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Colin invests £1200 into his bank account.

He receives 5% per year simple interest.
How much will Colin have after 3 years?
Give your answer to the nearest penny where appropriate.

Mathematics
college

Chantel asked

by Chantel

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Eric Lafortune answered Nov 18, 2021

by Eric Lafortune

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