Alvin opened a savings account with $24,000 at the birth of his daught

1.	Alvin opened a savings account with $24,000 at the birth of his daughter; the account pays 8.5% simple interest. ( 8 marks)A . What is the interest in the account after ten years?B . What is the value of the account after 18 years?(PLEASE BE SERIOUS ABOUT THIS)
Answer» ANSWER: A) INTEREST of after TEN YEAR will=$2040

Alvin opened a savings account with $24,000 at the birth of his daughter; the account pays 8.5% simple interest. ( 8 marks)A . What is the interest in the account after ten years?B . What is the value of the account after 18 years?(PLEASE BE SERIOUS ABOUT THIS)

Answer»

A) INTEREST of after TEN YEAR will=$2040