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Phil invests £800 for 3 years in a bank account.
The account pays simple interest at a rate of 2% per year.
Work out the total amount of interest Phil has got at the end of 3 years
If the account has 800, .02 times 800 equals 2 percent so doing that 2 percent is 16 and 16 times 3 is the amount of interest he got at the end of 3 years which is 48.
