Small interest 3

Thomas had a certain amount of money in his account, which earned him €64 in interest over a year at an annual interest rate of 2%. What would be the interest on the same amount if the annual interest rate were 3.5%?

Final Answer:

u2 =  112 Eur

Step-by-step explanation:

u1=64 eur r1=2%=1002=501=0.02 r2=3.5%=1003.5=0.035  u1 = r1 a a=u1/r1=64/0.02=3200 eur  u2=r2 a=0.035 3200=112 Eur



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