Daisy invests $14 000 in a fixed deposit account at a local bank. The interest rate is 1.4% per year. How much money will she have in the account after 1 year?
Question
Solution 1
To calculate the total amount of money Daisy will have in her account after 1 year, we need to calculate the interest she will earn and then add it to her initial investment.
Step 1: Calculate the interest Interest = Principal amount * Interest rate * Time Interest = $14,000 * 1.4/100 * 1 Interest Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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