Question: Simple Interest Calculations based on simple interest .Khalifa deposits AED 15,000 into an account that pays . simple interest at an annual rate of

Simple Interest Calculations based on simple interest .Khalifa deposits AED 15,000 into

Simple Interest Calculations based on simple interest .Khalifa deposits AED 15,000 into an account that pays . simple interest at an annual rate of 3.5%. He will withdraw all the money at the end of 3 months. What will be the total amount in his account at the end of 3 months? . You need to choose from here. (1) Khalifa will get back AED 1,575 (2) Khalifa will get back AED 131.25 Photo by Campaign Creators on Unsplash (3) Khalifa will get back AED 15,131.25

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