hennessyleo hennessyleo

07-05-2019
Mathematics

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Colin invests £2100 into his bank account. He receives 5% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate.

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dornandylanp7you5 dornandylanp7you5

07-05-2019

Answer:£2415

Step-by-step explanation:

2100x0.01= 21 = 1%

21x5= 105 = 5%

105x3= 315 = 5% for 3 years

2100+315=2415

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