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Kim places £500 in a bank account the pays 3% simple interest each year how much interest will she earn each year? how much will she have in her account after 1 year

Kim places £500 in a bank account the pays 3% simple interest each year how much interest will she earn each year? how much will she have in her account after 1 year
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Kim places £500 in a bank account the pays 3% simple interest each year

how much interest will she earn each year?
how much will she have in her account after 1 year

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User Thednp
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8.1k points

1 Answer

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She will gain 3% each year and after one year she will gain £15 leaving her total at £515
answered
User Eric Murphey
by
8.0k points
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