Question

Nishi invests £3400 at 5% interest per year. Work out how much she will have altogether after: 3 years​

Answer 1

Answer: Simple Interest = PRT

P= 3400

R = 5% = 5/100

T = 3

=> 3400 × 5/100 × 3 = 510

=》3400 + 510 = 3910

Explanation:

Answer 2

£510

Explanation:

5% of 3400 is 170. SInce she gets that much money every year, after 3 years she'll have 3*170 = £510.