Answer:
£11.25
Step-by-step explanation:
I = P * R * T
Where,
I = simple interest
P = principal = £100
R = interest rate = 2.25%
T = Time = 5 years
I = P * R * T
= 100 * 2.25% * 5
= 100 * 2.25/100 * 5
= (100 * 2.25 * 5) / 100
= 1,125/100
= 11.25
I = £11.25
