Question

Gina deposits 150 Dollar at the start of each year into a college savings account that pays 4% simple interest at the end of each year

Answer 1

$\tt\it\bf\it\large\bm{\mathcal{\fcolorbox{blue}{white}{\red{Question:-}}}}$

_____________________________

Gina deposits 150 Dollar at the start of each year into a college savings account that pays 4%

_____________________________

$\tt\it\bf\it\large\bm{\mathcal{\fcolorbox{blue}{white}{\blue{Given:-}}}}$

_____________________________

principal amount=$150

Time=1 year

Rate=4%

_____________________________

$\tt\it\bf\it\large\bm{\mathcal{\fcolorbox{blue}{white}{\orange{To\:Find:-}}}}$

_____________________________

Simple Interest

_____________________________

$\tt\it\bf\it\large\bm{\mathcal{\fcolorbox{blue}{white}{\pink{Formula\:to\:be\:Used:-}}}}$

_____________________________

$s = \frac{(p \times r \times t)}{100}$

_____________________________

$\tt\it\bf\it\large\bm{\mathcal{\fcolorbox{blue}{white}{\green{Solution:-}}}}$

_____________________________

$s = \frac{150 \times 1 \times 4}{100}$

$= > \frac{15 \times 4}{10}$

$= > 6$

•°• simple Interest =$6

_____________________________

$\tt\it\bf\it\large\bm{\mathcal{\fcolorbox{blue}{white}{\red{Some\:related\:Formula\: used:-}}}}$

____________________________

$amount = p( {1 + \frac{r}{n} )}^{nt}$

____________________________

$\tt\it\bf\it\large\bm{\mathcal{\fcolorbox{blue}{white}{\orange{Some\:best\:book\: preference:-}}}}$

_____________________________

• RS Aggarwal
• RD sharma

_____________________________

-----------------------xxxxxxxx----------------------