If interest on a savings account is paid monthly at an annual rate of 614percent and if the interestis not reinvested, then in how many years will the total amo

If interest on a savings account is paid monthly at an annual rate of 614percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account?

If interest on a savings account is paid monthly at an annual rate of 614percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account? ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

0 1

Best Answer Explained in Below-:

Here, Interest = Principal We know, Interest = (prinicpal×time×rate)p/100 Interest = (interest × time ×61/4o/100 time = 100×4/25 Time = 16 years

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If interest on a savings account is paid monthly at an annual rate of 614percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account? ?

If the price of an item is increased by 10% and then decreased by 10%, the net effect on the price of the item is --

(4+5)(4-5)is equal to:

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