Mr. R had $120,000 in a retirement account. The account paid 4.25% interest rate. How much money was in the account at the end of 10 years?
Question
Question
Mr. R had $120,000 in a retirement account. The account paid 4.25% interest rate. How much money was in the account at the end of 10 years?
Answer:
R.s 51000
Step-by-step explanation:
I= PTR/100
=120000×10×4.25/100
=51000
hence ,
interest rate is R.s 51000