dannir360 dannir360

03-07-2020
Mathematics

contestada

£1700 is invested for 3 years at 4% per year SIMPLE interest. Work
out the total interest

Respuesta :

03-07-2020

Answer:

$1912.27

Step-by-step explanation:

Simple interest rate formula: A = P(1 + r)^t

Simply plug in the known variables

A = 1700(1 + 0.04)³

A = 1700(1.04)³

A = 1700(1.12486)

A = 1912.27

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