henryjavade6
Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Mr. Mitchell deposited $4000 in a bank and earned simple intrest at 7% per annum for 2 years.
(i) Calculate the amount he will recive at the end of the 2 year period.(Hint find the simple intrest first...)
​

Sagot :

gyaniadithya

Answer:

interest per annum is 280

interest for 2 year is 560

Step-by-step explanation:

money deposited in bank = 4000

1persent of 4000 = 40

7 persent of 4000 = 280

interest for 2 year is 280 x 2 = 560

Mark me as Brainest

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.