Amarapatel56 Amarapatel56

27-01-2021
Mathematics

contestada

Colin invests £4000 into his bank account.
He receives 5% per year simple interest.
How much will Colin have after 3 years?

Respuesta :

PersonOnTheInternet4 PersonOnTheInternet4

28-01-2021

Answer:

4,600

Step-by-step explanation:

A = P(1 + rt)

P = 4000

r = 0.05 (rate in percent form)

t = 3 years

A = 4000(1 + (0.05)(3))

A = 4000(1+0.15)

A = 4000(1.15)

A = 4,600

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