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of 10
Colin invests £980 into his bank account. He receives 6% per year simple
interest. How much will Colin have after 7 years? Give your answer to the nearest
penny where appropriate.

Respuesta :

Noble007

Answer:

1008.56

Step-by-step explanation:

0.06nmultiplied by £980 = £4.08

4.08 multiplied by 7 (the number of years = 28.56

then £28.56+£980=1008.56

meryemazzi2002

Answer:

There is a formula that you need to use to answer this question.

(using calculator)

original × (100×rate/100)^years

[tex]980( \frac{100 + 6}{100}) {}^{2} [/tex]

= £1101.1

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