Reuben is putting money into a savings account. He starts with $350 in the savings account, and each week he adds $60.
1 answer:
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Answer:
Rs 38,640
Step-by-step explanation:
<u>Pay attention:</u>
The principle (p) : Rs 42,000
Rate of interest (r) : 8%
Time (n) : 1 years
Exact Amount (a) : P(1-R/100)^n
Value:
A = 42,000(1 - 8/100)^1
A = 42,000(1 - 2/25)
A = (42,000 * 23)/25
A = 1,680 * 23
A = Rs 38,640