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

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?

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Nick 3 years 2021-08-24T23:36:14+00:00 1 Answers 14 views 0

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  1. thuthuy
    0
    2021-08-24T23:37:45+00:00
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    Answer:

    R.s 51000

    Step-by-step explanation:

    I= PTR/100

    =120000×10×4.25/100

    =51000

    hence ,

    interest rate is R.s 51000

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