Question

750 pounds is invested for 30 months at an 8% compound interest per annum

Answer 1

1,800 pounds.

Explanation:

Simple Interest = principal×time×rate/100

= 750×30×8/100

= 180,000/100

= 1,800 pounds

Answer 2

The answer is (1,800 Per Annum)

Further Explanation:-

Since we have all that it takes to calculate the Compound’s Simple Interest (Per Annum):

750 Pounds (Principal)
30 Months (Time)
8% (Investment Rate)

Compound’s Simple Interest (Per Annum) = Principal * Time * Investment Rate
= 750 Pounds * 30 Days * 8%
= 750 Pounds * 30 Days * 8/100
= 180,000 / 100
= 1,800 Pounds (per annum)