If you deposit $300 in an account with a 6% interest rate, how much will be in your account after 1 year?
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Step-by-step explanation:
principal=300
Rate=6%
time=1 years
S.I= Principal ×Rate× Time
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100
S.I= 300×6×1
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100
S.I= 18
Amount =Principal + S.I
Amount=300+18
Amount=318.
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