ruturp45 ruturp45

16-01-2021
Mathematics

contestada

If a man has $1500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Respuesta :

tsheringsamdrup200 tsheringsamdrup200

16-01-2021

Answer:

5/100×$1500= 75 dollar

as it is annual income we can solve the answer relative to year and considering it as 1 so the interest would be 75 annually

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