Ask Question
4 August, 18:42

Billy invests £800 for 5 years in savings account By the end of the years he has received a total of £96 simple interest Work out the annual rate of simple interest

+1
Answers (1)
  1. 4 August, 20:43
    0
    Answer: 2.4%

    Step-by-step explanation:

    SI = prt / 100

    96 = (800 x r x 5) / 100

    96 = 40r

    r = 96 / 40 = 2.4%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Billy invests £800 for 5 years in savings account By the end of the years he has received a total of £96 simple interest Work out the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers