Asked by Nathan

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.
Answered by Damon
.06 v = £72
Answered by Nathan
Sorry to be a pain, but I don't really understand this answer.
Could you explain to me?
Answered by Damon
two years at 3% = .03*2 = .06
so
.06 times original deposit = 72

so 72/.06
which is
1200
Answered by Nathan
Thank you very much!
Answered by Kaltuma
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.

Answered by Anonymous
1200
Answered by Someonewhoneedsanswers :)
So is it 1200%?
Answered by me
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
Answered by hasan
£1200
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