titiogunnaike
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  • 02-04-2020
  • Mathematics
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I have £150 in a bank account. I get 5% interest a year. How much will I have at the end of the year?

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qop
qop qop
  • 02-04-2020

Answer:

£157.5

Step-by-step explanation:

To solve this problem, we simply multiply £150 by 5% and then add the sum to £150 to get the answer. Remember that we need to put 5% into the decimal form (5% -> 0.05).

£150 x 0.05 = 7.5

Now we can add 7.5 to £150.

£150 + 7.5 = £157.5

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