noah1917
contestada

© ? Jordan invests £2100 into his bank account. He receives 5.1% per year simple interest. How much will Jordan have after 2 years? Give your answer to the nearest penny where appropriate.​

Respuesta :

semsee45

Answer:

£2314.20

Step-by-step explanation:

Simple interest formula:  A = P(1 + rt)

where:

  • A = final amount
  • P = principal amount
  • r = annual interest rate (as a decimal)
  • t = time (in years)

Given:

  • P = £2100
  • r = 5.1% = 0.051
  • t = 2 years

⇒ A = 2100(1 + 0.051 · 2)

⇒ A = 2100(1.102)

⇒ A = £2314.20