Mathematics High School

Colin invests £1100 into his bank account.
He receives 5% per year simple interest.
How much will Colin have after 3 years?
Give your answer to the nearest penny where appropriate.

£

Answers

Answer 1

Answer:

Colin will have $1,265 after three years.

Step-by-step explanation:

First, we find the amount of interest Colin will have by using the following formula,

simple interest = principal * interest rate * time

now that we know the formula, we substitute the numbers in.

simple interest = $1,100 * 5% * 3

since the interest rate is obviously a percentage, we have to convert it into a decimal.

simple interest = $1,100 * 0.05 * 3

now that it is a decimal, we can solve this expression.

simple interest = $1,100 * 0.05 * 3

simple interest = $55 * 3 (here, we did $1,100 * 0.05 first so that it doesn't get confusing with all the numbers, it will be easier with two final numbers)

simple interest = $165

Colin has $165 simple interest but over here asks how much she will have AFTER 3 years. think about it, can you have $165 after having $1,100 in your bank AFTER 3 years? no, so we need to add the interest by the principal by using the following formula,

total amount = principal + simple interest

now, we substitute the numbers in.

total amount = principal + simple interest

total amount = $1,100 + $165

total amount = $1,265  

Therefore, Colin will have $1,265 after 3 years.

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15

there's 10

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Answers

Answer:

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Step-by-step explanation:

Answer:

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Answers

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Answers

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The external angle of a triangle:

An external angle of a triangle is an angle formed by extending one side of the triangle and intersecting with the extension of another side.

In a triangle, the measure of an external angle is equal to the sum of the measures of the two opposite interior angles.

Here we have  a triangle

Let the ABC be the triangle as given in the picture

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Therefore,

Learn more about Triangles at

https://brainly.com/question/9934544

#SPJ1

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Answers

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Answers

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I beleieve that it is 8 units

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Answers

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Step-by-step explanation:

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Answers

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Step-by-step explanation:


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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

-3(y+4)+4y

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Answer:

y = 12

Step-by-step explanation:

here's your solution

=> -3(y + 4) + 4y = 0

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Answers

Answer:

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Step-by-step explanation:

Remark

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Answers

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Step-by-step explanation:

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Answers

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