Ask Question
28 May, 11:15

Paula invests £4500 in a savings account

that pays n% simple interest per annum.

At the end of six years their is £5025 in

the account.

Find the value of n

+3
Answers (1)
  1. 28 May, 11:43
    0
    18.61

    Step-by-step explanation:

    Principle = £4500

    Time = 6yrs

    Rate = n%

    Simple interest = £5025

    n = ?

    We know,

    SI = PTR/100

    £5025 = £4500*6*n/100

    £502500 = £27000*n

    n = 18.61
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Paula invests £4500 in a savings account that pays n% simple interest per annum. At the end of six years their is £5025 in the account. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers