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Fred invested £2500 in a bank account offering 5% simple interest. How much interest will he have earned? How much will he have in his account after 3 years?

Fred invested £2500 in a bank account offering 5% simple interest. How much interest will he have earned? How much will he have in his account after 3 years?
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2 votes
Fred invested £2500 in a bank account offering 5% simple interest.

How much interest will he have earned?
How much will he have in his account after 3 years?

User Shubham Vala
by
8.1k points

1 Answer

4 votes

Answer:

2,875

Explanation:

User Spionred
by
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