Answer:
Step-by-step explanation:
Mr. Chan originally placed 4,000 in the bank as a fixed deposit for 2 years.
Each years the bank added a certain amount of interest.
At the end of the 2 years he gained 243 dollars and 60 cents just from interest.
How to solve:
Simply take away the 4 in the amount of money
Leaving: $243.60
( 2 years )
Now divide 243.60 by 1/2
which is 121.8
Mr.Chan got 121.8 worth of interest a year
$10.5 a month
$2.3 a week
6 cents a day
All in 2 years.
