Colin invests £980 into his bank account. He receives 0.3% per year s – InterviewSolution

1.	Colin invests £980 into his bank account. He receives 0.3% per year simple interest. How much will Colin have after 7 years? Give your answer to the nearest penny where appropriate.
Answer» After seven years Colin will have 100£0.58Step-by-step explanation:Interest for first year,I = 0.3% of 980 = 2.94Interest for seven YEARSTOTAL interest = 2.94 * 7 =20.58After seven years he must haveTotal amount = 980 + 20.58 =1000.58Hope you find the best.If any further problem feel FREE to contact me.Kindly give me the Brainliest.

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