Answer:
Step-by-step explanation:
Simple interest is given as
S.I = PRT/100
Where
S.I is simple interest
R is rate in %
P is the principal
And T is time in years
So, given that
Principal (P)=£1500
Rate(R) =2%
Time(T)= 3years
Then, we are asked to find amount after 3years
S.I=PRT/100
S.I=1500×2×3/100
S.I= £90
This is the interest Brian will receive
So, the money will amount to
Amount=Principal + interest
Amount = 1500+90
Amount = £1590.
So Brian will have £1590 after 3years
