5. Solve.
(a) Rehana deposited 3500 in her bank account that pays
interest at 6% per annum. How much money will be in her
account after 1 year (per annum is the same as saying per
year)?
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2
Step-by-step explanation:
Principal = 3500
Rate = 6 percent
Time = 1 year
So,
Amount = p(1+r/100)
Amount = 3500(1+6/100)
A = 3500×106/100
A = 3710
Rs 3710 money will be in her account after 1 year
Answered by
1
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