£2300 is invested for 4 years at 5% per year simple interest. Work out the total interest Question £2300 is invested for 4 years at 5% per year simple interest. Work out the total interest in progress 0 Math Rose 3 months 2021-10-19T20:37:54+00:00 2021-10-19T20:37:54+00:00 2 Answers 0 views 0

## Answers ( )

Answer:

£460

Step-by-step explanation:

Simple interest =PRT/100

Where P = principal

R= rate

T = Time

Given

P= £2300

T= 4yrs

R = 5%

Interest = 2300 x 5 x 4/100

Multiply through

Interest = 46000/100

Interest = £460

Answer:£460Step-by-step explanation:Use this formula to find the total interest

I stands for interest, P is principal, R is rate, and T is time.

Principle = £2300

Rate = 5%

Time = 4 years

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! 🙂

– Cutiepatutie ☺❀❤