Question

Malik deposited 1050 in a savings account and it earned 241.50 in simple interest after four years. Find the interest after four years. Find the interest rate on malik's savings account

Answer 1

Answer:

if it's true simple interest then each year's interest is the same so interest for one year is a quarter of 241.50 which give you the rate but if each year's interest in left in the account the result will be different , it is a really poorly worded question