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What is the simple interest on £2000 at 5% for 3 years?
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4 votes
What is the simple interest on £2000 at 5% for 3 years?

User Slashms
by
3.6k points

2 Answers

2 votes

Answer:

300

Explanation:

(2000×5×3)÷100

=£300

User Jfowkes
by
4.4k points
5 votes

Answer:

£ 300

Explanation:

P = £2000

r = 5%

t = 3 years

Simple Interest = Prt


= (2000 * 5 * 3)/(100)

= 20 * 5 * 3

= £ 300

User Andrew Gillis
by
4.5k points
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