Your sister deposited P400 into savings account. How much interest will she receive at the end of one year if the interest rate is 3%
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q 10000000 he got in the end of the year
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You can calculate simple interest in a savings account by multiplying the account balance by the interest rate by the time period the money is in the account. Here's the simple interest formula: Interest = P x R x N. P = Principal amount (the beginning balance)
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