Identifying the a) principal, b) interest rate, and the time period.
5) you deposited 5,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 15% per annum this will mature in 6 months.
5) you deposited 5,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 15% per annum this will mature in 6 months.
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Answer:
answer:
principal =5,000
interest rate= 15%
time period= 6 mos.