lauraaurora29 lauraaurora29
  • 23-06-2021
  • Mathematics
contestada

Connor invests £1500 of his money for 2 years at simple interest of 10%

How much money he will get back in interest?

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sqdancefan
sqdancefan sqdancefan
  • 01-07-2021

9514 1404 393

Answer:

  £300

Step-by-step explanation:

Simple interest is computed using the formula ...

  I = Prt

where P is invested at rate r for t years.

Using the given values, the interest is ...

  I = £1500·0.10·2 = £300

Connor will get back £300 in interest.

Answer Link
janlee113
janlee113 janlee113
  • 01-07-2021

Answer:

£ 300

Step-by-step explanation:

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Answer Link

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