mouza200813 mouza200813

14-04-2022
Mathematics

contestada

A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6%.
a. How much interest will the customer earn in 10 years?
b. What will the account balance be after 10 years?

Respuesta :

alexataylor123 alexataylor123

14-04-2022

Answer:

a. 480

b. 3480

Step-by-step explanation:

a. Because 3000 times 1.6% is 48, 48 times 10 is 480.

b. Because 480 plus 3000 is 3480

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