Answer:
£700
Step-by-step explanation:
First we find the interest on this money.
Interest = Principal * Rate * Time
=[tex]\frac{500 * 8 * 5}{100}[/tex]
=5 * 8 * 5
=£200
Interest = £200
Now you add his actual money to the interest you just found to give you the total amount.
Amount = £500 + £200
= £700
