The formula to find the amount is
Here A = amount
P is the principal
r is the rate
n is the number of years
Then to find the interest we subtract principal from amount.
Interest = A - P
Here
P= 2200, r = 3% = 0.03 , n = 6 years
Hence the interest earned = 2626.92-2200 = $426.92
Now if the total of $2200 was deposited in three banks then each account earns 
Each account earns $142.31
Answer:
55 Rs.
Step-by-step explanation:
cost of the milk:
15.5 x 30 = 465 Rs.
Gross sales of the milk:
26 x 20 = 520 Rs.
Profit:
520 - 465 = 55 Rs.
Answer: the old price for 1 liter is $0.3
Step-by-step explanation:
Let x represent the old price for 1 liter of petrol.
Last week a man bought 20 liters at the old price. This means that the total amount that the man paid for 20 liters is 20x.
The cost of petrol rises by 2 cents a liter. This means that the new price per liter is x + 2/100 = x + 0.02
This week he bought 10 liters at the new price. This means that the total amount that the man paid for 10 liters is
10(x + 0.02)
= 10x + 0.2
Altogether, the petrol costs $9.20. This means that
20x + 10x + 0.2 = 9.2
30x + 0.2 = 9.2
30x = 9.2 - 0.2
30x = 9
x = 9/30
x = 0.3
