Ryan invested some money in his bank.

He agreed a simple interest rate of 4% per annum for a period of 2 years.

At the end of the 2-year period the value of his investment increased by £24.

Work out the value of Ryan’s initial investment.

Skip to content
# Ryan invested some money in his bank.
He agreed a simple interest rate of 4% per annum for a period of

He agreed a simple interest rate of 4% per annum for a period of 2 years.

At the end of the 2-year period the value of his investment increased by £24.

Work out the value of Ryan’s initial investment.