3 years savings

Simple interest - Tereza has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Interest is added each year and left aside. How many CZK crowns will has total after 3 years?

Correct result:

x =  104500 Kc

Solution:

a=100000 q=1.5/100=3200=0.015 u=a q=100000 0.015=1500 x=a+3 u=100000+3 1500=104500 Kc



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