Kibet deposited Ksh.60,000 in a bank that paid simple interest at a rate of 12.5% p.a. How much was in his account after 21/4 years? __

To find the amount in Kibet's account after years, we need to calculate the simple interest earned and then add it to the principal amount.The formula for simple interest is: Where:- is the principal amount (initial deposit)- is the annual interest rate- is the time in yearsGiven:- - - yearsFirst, let's calculate the simple interest: Simplify the expression inside the fraction: Calculate the numerator: Now, divide by the denominator: Next, add the simple interest to the principal amount to find the total amount in the account: Therefore, the amount in Kibet's account after years is .