Maths

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.

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  1. .06 v = £72

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

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

    so 72/.06
    which is
    1200

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  4. Thank you very much!

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  5. 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.

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    2. 👎
  6. 1200

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  7. So is it 1200%?

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  8. 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

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