Question

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

Answer 1

Interest= $10000

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