Answer:
£5083
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 2.1%/100 = 0.021 per year,
then, solving our equation
I = 4600 × 0.021 × 5 = 483
I = £ 483.00
The simple interest accumulated
on a principal of £ 4,600.00
at a rate of 2.1% per year
for 5 years is £ 483.00.
