Simple interest I think would just be work out the interest earned:
1500 x 6/100 or 1500 x 0.06
This is £90 interest per year.
For simple interest you just want to times that by 5 for the number of years: 5 x 90= £450
So add that interest to your original 1500 and … Read more
1500 x 6/100 or 1500 x 0.06
This is £90 interest per year.
For simple interest you just want to times that by 5 for the number of years: 5 x 90= £450
So add that interest to your original 1500 and … Read more