A Math Problem 2 Solve:
Question: A city bank pays interest on savings at a rate of 4% per year. If a student has
$6, 700 deposit, what is the interest earned after a year? How much is left in the bank
after three years?
Hint: rate=4%=0.04, principal=$6, 700,
Formulas: One Year Interest=rate x principal=___ x______=_______
Three Year Interest=rate x principal x time=___ x ____ x ____=_______
Money is the bank after 3 years=Principal + Three Year Interest=___ +__=___
Good Luck! 😉 😉 🙂
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