Becky invests £5000 for 2 years in a bank account.

She gets simple interest at a rate of 3% per year,

Work out the total amount of interest Becky gets by the end of 2 years.

£300

Step-by-step explanation:

We apply the formula for Simple Interest:

where P = Principal

R = Rate of interest

T = Time elapsed (in years)

We are given that P = £5000, R = 3%, T = 2 years

The interest after 2 years will be:

I = £300

The interest Becky will get after 2 years will be £300.

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