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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asked Feb 10, 2021 30.7k views

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?

Mathematics
high-school

Shubham Vala asked

by Shubham Vala

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1 Answer

4 votes

Answer:

2,875

Explanation:

Spionred answered Feb 16, 2021

by Spionred

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