Register

There is £3000 in a account. The bank offers fixed 5% simple interest for 3 years. How much interest after 3 years?

There is £3000 in a account. The bank offers fixed 5% simple interest for 3 years. How much interest after 3 years?
asked 88.1k views
13 votes
There is £3000 in a account. The bank offers fixed 5% simple interest for 3 years. How much interest after 3 years?

asked
User Alexander Dunaev
by
7.8k points

1 Answer

12 votes

Explanation:

Interest = P*R *T/100

3000*5*3/100

=450

3 years =450*3 = 1350

answered
User Cabreracanal
by
8.3k points
← Prev Question Next Question →

Related questions

User Cantfindname
asked Aug 1, 2017 17.5k views
Work out the balance for £3000 invested for 3 years at 5% per annum
Cantfindname asked Aug 1, 2017
by Cantfindname
7.8k points
1 answer
0 votes
17.5k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!