heinpuudaniel heinpuudaniel

28-03-2017
Mathematics

contestada

Abi invests £500 for 4 years in a bank account.
The account pays simple interest at a rate of 2.3% per year.

Work out the total amount of interest Abi has got at the end of 4 years.

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Aliwohaish12 Aliwohaish12

28-03-2017

Total interest= principal*interest rate*time
I=500×0.023×4
I=46

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