Brian invests £2500 into his bank account. He receives 2.5% per year simple interest. How much will Brian have after 5 years? Give your answer to the nearest penny where appropriate.

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asked Dec 12, 2021 86.2k views

2 votes

Brian invests £2500 into his bank account.

He receives 2.5% per year simple interest.
How much will Brian have after 5 years?
Give your answer to the nearest penny where appropriate.

Mathematics
high-school

GTMeteor asked

by GTMeteor

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2.5% per year multiplay by 5 equals 12.5% then multiple 2500 with 12.5 equals 312.5

Splendor answered Dec 17, 2021

by Splendor

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