Question

48. Grandpa Henry wants to help pay for college for his grandson,
Little George. He is currently 8 years old. Grandpa Henry makes a
one-time deposit of Aed 50,000 for 10 years at a rate of 7% per annum
in Bank of Baroda.
a) Calculate the interest.
b) Using which formula can you find the above?
c) Find the amount Grandpa Henry will get from the bank after 10 years
for his grandson's education.
d)What life lesson did you learn from Grandpa's character?

Answer 1

Answer:

please try again later

Step-by-step explanation:

because I don't know the answer

Answer 2

Answer:

$the \: principal = 50000 \\ rate = 7 \\ time = 10 \\ \\ simpal \: interest \: \: \: = \frac{p \times r \times t}{100} \\ \\ = \frac{50000 \times 10 \times 7}{100} = 35000 \\ \\ grandpa \: get \: 35000 \: from \: bank \: after \: 10 \: years \\ grandpa \: is \: smart \: he \: get \: good \: dission$