simple interest calculation.
Good morning sir, i would like to go to Qatar in about 3 years.
Good morning madam, how may i help you?
I would like to deposit at least R1200.
Ok, our account offers a simple interest of 10% per annum
how much money do you think i will earn at the end of 3 years.
Let me work that out for you.
A = P[ 1 + in ] A= 1200[ 1+ 10/100 x 3 ] A= R1560
Oh my what a bargain!! so i will get back R1560.
Oh yes! It is quite a bargain.
thank you so much, I appreciate your help
You are very welcome we hope to see you again soon.
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