Colin invests £11180 into his bank account. He receives 4.3% per year simple interest. How much will Colin have after 3 years? Give your answer to the nearest penny where appropriate.

Amount=INTEREST +PRINCIPAL

=PRINCIPAL+PRT/100

=£11180+(11180×4.3×3)/100

=£11180+(144222)/100

=£11180+1442.22

=£12622.22

PLEASE GIVE BRAINLIEST

yes

step-by-step explanation:

give me the question

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answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.