Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get immediate and reliable solutions to your questions from a knowledgeable community of professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Vince takes out a loan of £400. It gathers simple interest as shown in the table
below.
< Back to task
Work out the annual interest rate as a percentage (%).
Start
After 1 year
After 2 years
After 3 years
Watch video
£400
£420
wed
£440
£460
Answer