SOLUTION: Brian invests £990 into his bank account. He receives 2.6% per year simple interest. How much will Brian have after 3 years? Give your answer to the nearest penny where appropriate

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Question 1121151: Brian invests £990 into his bank account. He receives 2.6% per year simple interest. How much will Brian have after 3 years? Give your answer to the nearest penny where appropriate.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+I+=+P%2Ar%2At+
+P+=+990+
+r+=+.026+
+t+=+3+
After 3 yrs:
+I+=+990%2A.026%2A3+
+I+=+77.22+
Brian will have
+990+%2B+77.22+=+1067.22+
$1,067.22