Question

Sara invests $750 for 3 years at a rate of 2.4% per year compound interest. calculate the total amount she will have at the end of 3 years

Answer 1

Answer:

Data:

P=750

R=2.4%

T=3years

I=?

solution:

S.I = P×T×R/100

S.I = 750 × 3 × 2.4 ÷ 100

S.I = Rs.54