Colin invests £2200 into his bank account. He receives 2.5% per year

1.	Colin invests £2200 into his bank account. He receives 2.5% per year simple interest. How much will Colin have after 3 years?
Answer» $\huge\star\mathfrak\pink{{Answer:-}}$ simple INTEREST(S.I )=(pxrxt) /100 principle (p) =2200 Rs rate of interest (r) =2.5percent time (t) =3yrs Simple Interest =2200x2.5x3/100 =165 simple interest for 1year =165 simple interst for 3YEARS =165x3=495 :The amount get after 3yrs :2200 +495=2695 Rs The TOTAL amount for COLIN have 2695 Rs ☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆ $\rule{200}{2}$ $Thank You$ $\rule{200}{2}$

Colin invests £2200 into his bank account. He receives 2.5% per year simple interest. How much will Colin have after 3 years?

Answer»

Simple Interest =2200x2.5x3/100

=165

:The amount get after 3yrs

:2200 +495=2695 Rs

$\rule{200}{2}$

$Thank You$

$\rule{200}{2}$