Fred Merkel went to his bank and opened a club account. He deposited $19.75 every week. If he made 5 deposits before interest wa
s credited, how much would he have deposited before interest was credited?
2 answers:
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.
$98.75, it is just $19.75 times 5
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