peligrosa818 peligrosa818
  • 03-10-2021
  • Mathematics
contestada

If you have $10,000 in a savings account and you earn 8% simple interest, how much money will be in the account after 3 years?

Respuesta :

mhanifa
mhanifa mhanifa
  • 03-10-2021

Answer:

  • $12400

Step-by-step explanation:

  • Initial amount = $10000
  • Interest rate = 8%
  • Time = 3 years

Amount in the account after 3 years:

  • $10000*(1 + 3*8/100) = $12400

Answer Link

Otras preguntas

English pronoun forms show gender and case only. True False
Express $7.45 for 2.5 pounds of round steak as a unit rate. Show your work.
How many aircraft do air traffic controllers in the U.S. handle each year?
Alfonso has a $10 bill. At the grocery store, he buys a loaf of whole wheat bread for $1.99 and 9 bananas. He gets $5.13 in change. What is the price of one ban
Help!! :((((( i dont get it just need answer for points
Find the area of garden
What is the value of x in the equation 3(2x − 1) = 21? A 3 B 11/3 C 4 D 25/2
What is the inequality of this graph?
Connor is going to see a movie and is taking his 4 kids. Each movie ticket costs $13 and there are an assortment of snacks available to purchase for $5 each. Ho
The temperature in Chicago can drop to -25°F. If the temperature increases by 64°F, what will it be now?