Question

Lattice has £15000 in a savings account at the start of the year. How much will she have at the end of the year if the annual interest rate is 7.5%?

Answer 1

£13 875

Explanation:

first you have to find out how much is 7.5% of 15 000 and you find it by calculating 0,075 times 15 000 which becomes 1 125. then you take out that answer from your first answer which is 15 000 - 1 125= 13 875