Question

Ravi deposited $950.00 into a saving account at his local bank. If the interest rate is 2.5%, then how much will he have after 6 months

Answer 1

Answer:

MARK @$ BRAINLI€$T

Step-by-step explanation:

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Answer 2

• Step-by-step explanation:

1. 1$=72.18Rs
2. rate=2.5%
3. n=6
4. 72.18*950=Rs68571
5. MV=n*P + {(n(n+1)*P*r)/2400}
6. =6*68571+ 6(7)*68571*25/24000
7. =411426 + 479997/160
8. =(411426*160+479997)/160
9. =65828160+479997/160
10. =66308157/160
11. =414425.98125/72.18
12. =$5741.5625