1606MHussain 1606MHussain

28-12-2020
Mathematics

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Ali invests £400 for 5 five years in a savings account. The account pays simple interest at a rate of 3.5% per year. Work out the total amount of interest Ali gets.

Respuesta :

28-12-2020

400 x (1 + 3.5%)^5 = £475.07

She makes £75.07 in interest

Answer Link

28-12-2020

Answer:

Interest=P×T×R/100

400×1×3.5/100

=$14

5 years interest=14×5

=$70

Step-by-step explanation:

Answer Link

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