Question

A bank pays interest of 9% on money in deposit accounts. Carme puts $2000 in the bank. How much has she after
a) one year
b) two years
c) three years?

Answer 1

Answer:

1 YEAR 180 RUPESS

2 YEAR 260 RUPEES

3 YEAR 540 RUPEES

Step-by-step explanation:

APPLY THE FORMULA P*R*T/100 WHERE P STAND FOR THE AMOUNT R STAND FOR INTREST RATE AND T STAND FOR TIME

Answer 2

Answer:

a) $2180

b) $2376.2

c) $2590.508

Step-by-step explanation:

a) 2000*(1 + 9%)

b) 2000*(1 + 9%)^2

c) 2000*(1 + 9%)^3