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14 June, 09:37

sam places £3850 in a bank account that pays 1.3% simple interest per year. How much interest will she earn in 6 years?

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  1. 14 June, 10:03
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    she will earn 300.3 in interest

    Step-by-step explanation:

    using the formula for interest: I = Prt where P is the principal (starting amount), r is the rate, and t is the time. Always convert the rate to a decimal if it's in percentage form.

    I = (3850) (0.013) (6)
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