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Mr. Taylor invests $60 000 in a bank which pays a simple interest of 4% p.a. After 9 months, he withdraws all his money. How much does he receive altogether?
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Mr. Taylor invests $60 000 in a bank which pays a simple interest of 4% p.a. After 9 months, he withdraws all his money. How much does he receive altogether?

User Md Mohsin
by
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1 Answer

3 votes

Answer:

$61800

Explanation:

i = prt / 100

60000x4x0.75 / 100

interest is 1800

1800 + 60000 = 61800

User MakG
by
4.1k points
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