Asked by kelvin

#Plz i need your help guys (the answer for this question)#

If you deposit sh. 100,000 in a bank which gives 12% interest rate per year. How much will you earn after 1 year and 6 months?
Answered by Steve
That would be 100000 * .12 * 1.5
Answered by kelvin
Why is it calculated for interest and there is no place indicating it is an interest?
Answered by Steve
How much will you earn?

you earn interest...
Answered by kelvin
How about this question?

*A richman wants to earn one million shillings in 10 years. What amount should he invest in the bank if the interest rate is 2.5% per year?
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