F. Find the interest for each bank deposit.
1. Principal: 20,000.00 Interest Rate: 0.25% per annum
Time: 2 years Interest = _______
2. Principal: 1,000,000 Interest Rate: 0.5% per annum
Time: 1 year Interest = _______
3. Principal: 2,500,000 Interest Rate: 1.5% per annum
Time: 6 months Interest = _______
1. Principal: 20,000.00 Interest Rate: 0.25% per annum
Time: 2 years Interest = _______
2. Principal: 1,000,000 Interest Rate: 0.5% per annum
Time: 1 year Interest = _______
3. Principal: 2,500,000 Interest Rate: 1.5% per annum
Time: 6 months Interest = _______
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Step-by-step explanation:
1.) I=PxRxT
I= 20,000x 0.25%x2 yrs
I= 50x2
I= 100
2.) I=PxRxT
I=1,000,000x0.5%x1yr
I= 5000
3.) I=PxRxT
I=2,500,000x1.5%x6mons.
I=37,500x6
I=225,000
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