Question

Rania deposited 480,000 in a bank that offers an interest rate of 10% per annum for 1 1/2 years.
a) how much did she get after that period.
b) how much money did she collect from the bank after that period.

Answer 1

a) She will get 556,652.84 after 1.5 years.

b) She collected more 76,652.84 from the bank including her investment.

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Answer 2

She will get 556,652.84 after 1.5 years and collected more than 76,652.84 from the bank.

Step-by-step explanation:

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