Savings and Debt

Instructions:

Solve the problem. You can use a calculator.

Mr Newman saved 161 000 pounds. He will not need them next year, so he decided to put them in a bank on a saving account with an interest rate of 2%.

In a year he will have	________ pounds
He will receive interest	________ pounds

Mr Newman saved 161 000 pounds. He will not need them next year, so he decided to put them in a bank on a saving account with an interest rate of 2%.

In a year he will have	164 220 pounds
He will receive interest	3 220 pounds