Question

Fred Merkel went to his bank and opened a club account. He deposited $19.75 every week. If he made 5 deposits before interest was credited, how much would he have deposited before interest was credited?

Answer 1

Answer

Find out the how much would he have deposited before interest was credited .

To prove

As given

Fred Merkel went to his bank and opened a club account.

He deposited $19.75 every week.

If he made 5 deposits before interest was credited .

Total money Fred Merkel deposit in the account before  interest was credited = 5 × 19.75

= $ 98.75

Therefore the Fred Merkel  $ 98.75  deposited before interest was credited.

Answer 2

$98.75, it is just $19.75 times 5