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Mr. Mitchell deposited $4000 in a bank and earned simple intrest at 7% per annum for 2 years.
(i) Calculate the amount he will recive at the end of the 2 year period.(Hint find the simple intrest first...)
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Gyaniadithyaid

Answer:

interest per annum is 280

interest for 2 year is 560

Step-by-step explanation:

money deposited in bank = 4000

1persent of 4000 = 40

7 persent of 4000 = 280

interest for 2 year is 280 x 2 = 560

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