Mary invests 25000 in a fixed deposit account at a local bank. The interest rate is 1.5% per year.How much money will she have in the account after 1 year
Answers
Answered by
1
hope the answer helps you
Attachments:
Answered by
0
Step-by-step explanation:
Simple interest, I=
100
PRT
Where, P= principal Rs. =2500
R = rate =2%
T= time period =4 years
⇒I=
100
2500×2×4
⇒I= Rs. 200
Therefore, simple interest is Rs. 200.
Similar questions