Question:
Mrs Lam deposited $400 000 in a fixed deposit account which paid her an interest of 1.2% per year. How much interest did she receive at the end of 1 year?
Solution:
Empowering Students and Parents with Solutions
Empowering Students and Parents with Solutions
![P6 / Catholic High / 2019 / SA1 / Paper 2 – Q08 [3 marks]](https://i0.wp.com/sgprimaths.com/wp-content/uploads/2020/04/P6_Catholic_2019_SA1_Paper2_Q08-Qns.jpg?resize=400%2C260&ssl=1)
![P6 / Nan Hua / 2020 / SA2 Prelims / Paper 1 – Q14 [2 marks]](https://i0.wp.com/sgprimaths.com/wp-content/uploads/2022/02/P6_SA2_2020_Nan_Hua_Paper1_Q14-Qns.jpg?resize=400%2C260&ssl=1)