Question

Mustapha puts 2500 naira in the bank which pays an interest of 41/2% per anum. what is the amount at the end of 1 year.

Answer 1

Answer:

2612.5 naira

Step-by-step explanation:

Principal- 2500 naira

Interest rate- 4 1/2%

Amount at the end of 1 year:

2500*(100+4.5)/100= 2612.5 naira