Register

Edin has £300 in his saving account. his bank offers him a fixed 5% simple interest rate per annum, for a period of 3 years. how much interest will he have earned after 3 years?…

Edin has £300 in his saving account. his bank offers him a fixed 5% simple interest rate per annum, for a period of 3 years. how much interest will he have earned after 3 years?…
asked 178k views
5 votes
Edin has £300 in his saving account.

his bank offers him a fixed 5% simple interest rate per annum, for a period of 3 years.
how much interest will he have earned after 3 years?

asked
User Mrid
by
8.2k points

2 Answers

2 votes
They answer is 45, Hopes this helps
answered
User Skylar Brown
by
8.6k points
3 votes

Answer:

$45

Explanation:

300/100 = $3 = 1%

$3 x 5 = $15 = 5%

$15 x 3 years = $45

answered
User James Snyder
by
8.4k points
← Prev Question Next Question →

Related questions

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 =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!