To calculate the total amount the man gets at the end of the year, you need to calculate the interest he earns and then add it to the initial deposit.

Step 1: Calculate the interest
Interest = Principal amount * Interest rate * Time
Interest = 20,000 pounds * 20/100 * 1 year
Interest = 4,000 pounds

Step 2: Add the interest to the initial deposit
Total amount = Initial deposit + Interest
Total amount = 20,000 pounds + 4,000 pounds
Total amount = 24,000 pounds

So, the man will have 24,000 pounds at the end of the year.

Question

To calculate the total amount the man gets at the end of the year, you need to calculate the interest he earns and then add it to the initial deposit.

Step 1: Calculate the interest
Interest = Principal amount * Interest rate * Time
Interest = 20,000 pounds * 20/100 * 1 year
Interest = 4,000 pounds

Step 2: Add the interest to the initial deposit
Total amount = Initial deposit + Interest
Total amount = 20,000 pounds + 4,000 pounds
Total amount = 24,000 pounds

So, the man will have 24,000 pounds at the end of the year.

Knowee AI · Accepted Answer

To calculate the total amount the man gets at the end of the year, you need to calculate the interest he earns and then add it to the initial deposit.

Step 1: Calculate the interest
Interest = Principal amount * Interest rate * Time
Interest = 20,000 pounds * 20/100 * 1 year
Interest = 4,000 pounds

Step 2: Add the interest to the initial deposit
Total amount = Initial deposit + Interest
Total amount = 20,000 pounds + 4,000 pounds
Total amount = 24,000 pounds

So, the man will have 24,000 pounds at the end of the year.

if a man deposited 20,000 pounds in a bank with interest of 20% PER YEAR find the total amount that he gets at the end of the year

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