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ravi deposited $950 into a saving account at his local bank. if the interest rate is 2.5% then how much will he have after 6 months ?
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ravi deposited $950 into a saving account at his local bank. if the interest rate is 2.5% then how much will he have after 6 months ?

User Ron Deijkers
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1 Answer

4 votes
I=prt
I=950*0.025*6/12=11.875
He will have 950+11.875=961.875
User Indrani
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