SOLUTION: How much interest would you have earned if you had instead deposited the R20 000 in a bank account at 8.5% interest for a year? please show calculations. Thank you in advance.

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Question 1064215: How much interest would you have earned if you had instead deposited the R20 000 in a bank account at 8.5% interest for a year? please show calculations.
Thank you in advance.
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
20000(1+0.085) = 21700