After the first month, Theo's savings account would have grown by 2% of £350, which is £7. This means he would have £350 + £7 = £357 in the account after one month.
After the second month, his savings would have grown by another 2%, which is 2% of £357, or £7.14, giving him a total of £364.14 in the account.
Repeating this process for all 6 months, we can calculate that Theo would have had £376.23 in the account at the end of the 6 months if he hadn't withdrawn any money to buy the bike.
Since he did spend £360 on the bike, we can subtract this from his total savings:
£376.23 - £360 = £16.23
Therefore, Theo had £16.23 left in his savings account after buying the bike.
Theo put £350 into a savings account which gathered simple interest at a rate of 2% per month.
After 6 months, Theo used some money in the account to buy a bike costing £360.
How much money did Theo have left?
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