Mrs. Marija invested € 12500 in a bank that uses compound interest and an annual interest rate of 1.5%. The bank credits interest at the end of each completed savings year. In the assignment, note that the bank does not change its conditions and that Marija does not withdraw money for the next 4 years.
How many euros of interest was credited to Maria after the first year of saving? Write down the answer.
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after four years of savings.
