Question

if you deposit 500 in a bank at 8 p.c.p.c, what interest will you get at the end of the year​

Answer 1

Answer:

You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.