Savings and Debt

Instructions:

Solve the problem. You can use a calculator.

Example

Mr Newman saved 130 000 dollars. 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	________ dollars
He will receive interest	________ dollars

Solution

Mr Newman saved 130 000 dollars. 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%.