Mr Chen deposits a certain amount of money in a bank. If the interest rate of bank decreases from 3.75 per year to 3.5 per year,

Question

iren2701 [21]

4 years ago

5

Mr Chen deposits a certain amount of money in a bank. If the interest rate of bank decreases from 3.75 per year to 3.5 per year,

Mr Chen's interest will decrease by $50 in a year. Find the sum of money he deposits.
Guys I want good answer....

Mathematics

1 answer:

denis-greek [22] · Answer 1 · 2022-02-06T10:10:09+03:00

denis-greek [22]4 years ago

6 0

Since 0.25 is $50 take $50 and divide it by 0.25 then take the answer ($200) and divide it by 3.5 then times 100 you should get $5714.28 that's the final answer