paulamahony paulamahony

10-01-2024
Mathematics

contestada

Eden has £300 in his savings account. His bank offers him a fixed 5% simple interest rate per annum for a period of 3 years. How much interest will he have earned after three years?

Respuesta :

Yatharth098 Yatharth098

10-01-2024

Answer: €345

Step-by-step explanation:

SI=P*R*t/100

=300*5*3/100

SI= €45

SI+P= €345

Therefore , Eden will be able to earn around €345

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