Adam has $1350 in his bank account.
The bank pays him an annual interest of 10%.
He does not deposit any more money.
- What is the interest after a year?
- How much will he have in his bank account after a year?
(a)
Interest after a year
= 10% x 1350
=
10100 x 1350
= $135
(b)
Amount that he will have in his bank account after a year
= 1350 + 135
= $1485
Answer(s): (a) $135; (b) $1485