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

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?

Answer 1

That would be 100000 * .12 * 1.5

Answer 2

Why is it calculated for interest and there is no place indicating it is an interest?

Answer 3

How much will you earn?

you earn interest...

Answer 4

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?