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Savings and Debt

Instructions:

Solve the problem. You can use a calculator.

Example

Mr Newman saved 90 000 pounds. He will not need them next year, so he decided to put them in a bank on a saving account with an interest rate of 3%.


Your answer:

In a year he will have________ pounds
He will receive interest________ pounds

Solution

Mr Newman saved 90 000 pounds. He will not need them next year, so he decided to put them in a bank on a saving account with an interest rate of 3%.


Your answer:

In a year he will have92 700 pounds
He will receive interest2 700 pounds

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