Question

Radhika deposits rs 725 in to a savings acconts that pays 2.3% simple annual intrest. How much interest will radhika earn after 18 months

Answer 1

Answer:

25.0125

Step-by-step explanation:

first we have to find amount she pays in a year,

2.3=x/725*100

16.675(radhika pays ina month)

for 18monthes,

18monthes-year

18-12=6monthes

for 6monthes interest,wehave to divide it from annual interest,

16.675/2=8.3375

for 18 monthes interest we hqve to add annual interest and half year intetest

12+6=18

16.675+8.3375=25.0125