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1 November, 10:06

Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from his account you anticipate that infla

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  1. 1 November, 12:11
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    Interest = $10000

    Step-by-step explanation:

    So we are to calculate the interest at 5% annum of $200000.

    Ok, we'll use the formula

    PRT/100 = interest

    Where P = principal

    R = rate

    T = time

    (200000 * 5*1) / 100 = interest

    1000000/100 = interest

    10000 = interest

    Interest = $10000
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