Dylan invested some money into his bank.

He agreed on 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.

9 answers

.06 v = £72

Sorry to be a pain, but I don't really understand this answer.
Could you explain to me?

two years at 3% = .03*2 = .06
so
.06 times original deposit = 72

so 72/.06
which is
1200

Thank you very much!

Hi,
I could work, please can you answer the question.
Dylan inverted some money in his bank.
He agreed to 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

So is it 1200%?

Thank you i am a Year 7 and my head of maths set this as a challenge and i think it is GCSE questions.
I didn't quite understand it and the video never helped me.
Don't make fun because i am 11 years old doing stuff for mabye 16-17 year olds

£1200