Colin invest in £5000 into his bank account. He receives 10% per year simple interest. How much will Colin have after 3 years?

£6655

Step-by-step explanation:

Given data

Principal=  £5000

Rate= 10%

Time = 3 years

FInal Amount A=???

The expression for the compound interest is given as

A=P(1+r)^t

substitute

A=5000(1+0.1)^3

A=5000(1.1)^3

A=5000*1.331

A= £6655

Hence the final Amount is  £6655

the final amount you will pay is $68.04.

the tip is determined by the pre-tax amount, so we calculate the tip based on the original bill, not after we've added sales tax.

to find the tip:

we can divide 54.00 by 100 to get 1% of 54. then we multiply that by 18.

54 / 100 = .54

.54 x 18 = 9.72

tip = 9.72$

to find the tax:

we can divide 54.00 by 100 to get 1% of 54. then we can multiply that by 8 to get 8%.

54 / 100 = .54

.54 x 8 = 4.32

tax= 4.32

now we can add the tip and tax to the bill to get our total.

54 + 9.72 + 4.32 = 68.04

total: $68.04

step-by-step explanation: