amirahabdulazeez23 amirahabdulazeez23

05-06-2020
Mathematics

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

Respuesta :

oluwatoniariyibi19 oluwatoniariyibi19

05-06-2020

Answer:24

Step-by-step explanation:

First solve:

800*5 = 4,000

Then:

96 divided by 4,000 = 0.024

0.024 in percent = 24%

Thus, 24% will be your answer

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