411 REFERENCE · Wikibooks
Mathematics Worksheet/Social Arithmetic/Bank interests
Reference material by Wikibooks contributors. This retains its source identity and is not 411 news reporting.
{If $100 is deposited at 4% in the Octopus Bank on 27th April,
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how much will be in the account 6 months later on the 27th October? { $102|102_4 }
How much will be in the account after 1 year? { $104|104_4 }
{The Kaching Credit Union offers a deposit account at 7% Per Annum for 2 years.
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Calculate using simple interest how much the return would be from $1200 for 1 year? { $84|84_4 }
If $1200 is deposited for 2 years, how much interest will it earn? { $168|168_4 }