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 :

devishri1977
devishri1977 devishri1977
  • 06-10-2021

Answer:

$ 12400

Step-by-step explanation:

P =$10,000

r= 10%

t = 3 year

[tex]I = P*r*t=\dfrac{10000*8*3}{100}[/tex]

I = $ 2400

Amount = P + I = 10000 + 2400 = $ 12,400

Answer Link

Otras preguntas

What type of process occurs when solidified wax is converted to liquid wax on heating?
Tell the value of the underlined digit 9,000,009 the first 9 is underlined
How do deserts form?
18x-(8x-7)=67 what does 'x' equal in this equation?
Which is an advantage that single-celled organisms have over multicellular organisms?
Sketch the graph of each function. Y
If 3 and 4 are magnitudes of vector quantities, when will the magnitude of their sum be 5?
Will someone please explain how to do -(7c-18)-2>0 Step for step??? I don't understand how to.
Words to match the expression 36÷4
Geologists have divided Earth's history into time units, which are largely based on?