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4vir4ik [10]
2 years ago
14

Sajay invested 5100 in a local bank at a rate of 3% how much money will he have in his account after 3.5 years if no additional

withdrawals or deposits are made? please show work​
Mathematics
1 answer:
KATRIN_1 [288]2 years ago
8 0

Solution:

<u>Using PRT/100 to find the interest:</u>

  • 5100 x 3 x 3.5/100 = Interest
  • => 51 x 3 x 3.5 = Interest
  • => 535.5 = Interest

<u>Using Principle + Interest to find the amount:</u>

  • 5100 + 535.5 = Total amount
  • => $5635.5 = Total amount
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