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24 September, 15:41

Ravi deposited $950 into a saving account at his local bank. if the interest rate is 2.5% then how much will he have after 6 months?

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  1. 24 September, 17:51
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    I=prt

    I=950*0.025*6/12=11.875

    He will have 950+11.875=961.875
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