Question

£1700 is invested for 3 years at 4% per year SIMPLE interest. Work
out the total interest​

Answer 1

Answer:

$1912.27

Step-by-step explanation:

Simple interest rate formula: A = P(1 + r)^t

Simply plug in the known variables

A = 1700(1 + 0.04)³

A = 1700(1.04)³

A = 1700(1.12486)

A = 1912.27