Dylan invested some money in the bank. he agreed a simple interest rate of 3% per annum for a period of 2 years. at the end of the 2 year period the value of his investment increased by £72. work out the value of dylan’s initial investment

£1200

Step-by-step explanation:

The formula to find simple interest:  , where P is the initial amount , r is the rate of interest (in decimal) and t is time .  (1)

Given : Dylan agreed a simple interest rate of 3% per annum for a Period of 2 years. At the end of the 2 year period the value of his investment increased by £72.

i.e. r= 3% = 0.03   ;  t=2   ; I=£72

Substitute all the values in (1), we get

Hence, the Dylan’s initial investment = £1200

step-by-step explanation:

if you meant, "on the way from (3, 2) to (3, 14):

x does not change; y increases by 12.

ensure that you have copied down this problem correctly.   .