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

The skating rink rented 218 pairs of skates during the month of April and three times that many in May how many pairs of skates did the skating rink rent during
Suppose you add two linear equations that form a system, and you get the result 3 = 2. How many solutions does the system have? A. one solution B. two solutio
Your destination is 90 miles away, and your fuel gauge shows that your gas tank is one-quarter full. Your tank holds 12 gallons of gas, and your car averages ab
Salem High School’s winter sports teams WON 72% of their games last season. If the teams played 50 games, how many games did the teams LOSE
Find the degree of the polynomial. Please
Use the equation sqrt(4x+15)=3(sqrt(x) How many potential solutions are there?
What is an ethernet cable ?
Aldous Huxley's novel Brave New World starts with an introduction to a state in which the authorities try to control society by producing uniform, or similar, h
Write the equation in slope-intercept form that contains the following point with the given slope. Slope= 2 ; (-3, 1)
??????????? ?????????