Robyn opened a bank account to save her birthday money.it was paying 3.75 interest. then the interest rate went up by 0.65.how much is her interst rate.
Answers
4.40% is the increased interest rate
Given :- Robyn opened a bank account to save her birthday money. it was paying 3.75 interest. then the interest rate went up by 0.65.how much is her interst rate. ?
Solution :-
given that, Robyn opened a bank account to save her birthday money.
and,
→ Initially bank was paying interest as = 3.75% .
now,
→ interest rate went up by = 0.65% .
we can say that, interest rate went up by means interest is increased by 0.65% .
Therefore,
→ New interest rate = old interest rate + interest rate went up by how much % .
→ New interest rate = 3.75% + 0.65%
→ New interest rate = (375/100) + (65/100)
→ New interest rate = (375 + 65) / 100
→ New interest rate = 440/100
→ New interest rate = 44/10
→ New interest rate = 4.4% . (Ans.)
Hence, Robyn new interest rate is 4.4% .
Learn more :-
Sahil deposited an amount in a bank at a certain rate of interest which is compounded annually. When he
inquired from th...
https://brainly.in/question/26967119
If there is 45% increase in amount in 3 years at simple interest, what will be the compound interest of Rs.
12,000 at th...
https://brainly.in/question/26772982