# 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,
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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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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9. £1200

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