Raj won $900000 in a regional lottery. after paying $350000 in taxes, he invested the remaining money in a saving account at 4.25% simple interest. how much money is in the account if raj makes no deposits or withdrawals for two years

Given

Raj won $900000 in a regional lottery

After paying $350000 in taxes

he invested the remaining money in a saving account at 4.25% simple interest.

Find out the how much money is in the account if Raj makes no deposits or withdrawals for two years.

To proof

As given

Raj won  in a regional lottery = $ 900000

paying  in taxes = $ 350000

remaining money  invested in the bank = $ 900000- $ 350000

                                                                  = $550000

simple interest =4.25%

time = 2 year

Formula

put all the value in the above formula

we get

simple interest = $ 46750

total money in account after two years = $550000  +$ 46750

                                                                = $596750

Hence proved

hey! so 1 (25) out of 4 (100) is 25 so your answer is 25%. it's like quarters!

c. he organized a political resistance group based on islam.