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6 August, 14:33

Dan invests £1000 into his bank account. He receives 10% per year simple interest. How much will Dan have after 2 years? Give your answer to the nearest penny where appropriate.

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  1. 6 August, 15:36
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    1200

    Step-by-step explanation:

    i=prt is the interest equation however we must find the total because it says After 2 years

    first lets do 1000*.1*2=200

    1000+200=

    1200
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