ambigautamzzz ambigautamzzz

06-06-2020
Mathematics

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Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from his account you anticipate that infla

Respuesta :

martin58853 martin58853

13-06-2020

Answer:

Interest= $10000

Step-by-step explanation:

So we are to calculate the interest at 5% annum of $200000.

Ok , we'll use the formula

PRT/100 = interest

Where P = principal

R = rate

T= time

(200000* 5*1)/100 = interest

1000000/100 = interest

10000 = interest

Interest= $10000

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