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 value from the set {6, 7, 8, 9, 10} makes the equation 5x + 2 = 47 true? Show your work.
what is the best answer
Please please please please help me
What were the benefits of serving as a Buffalo Soldier? Select all that apply. education opportunity land regular pay tribal membership
Need help with this math question
The gravitational force decreases as the _____ between two objects increases. distance mass force
Why is there a residency requirement to become President? so no young people will be President to ensure someone is mature enough to prevent non-citizens fro
r=36ft find the diameter and radius of circle
Eventually, it was my turn to say my line in front of the entire class. Even though this was a rehearsal, my palms got sweaty and my spine turned to ice. What i
a compound commonly found in drain cleaners, has a pH of 13. Which of these phrases describes sodium hydroxide? A. highly basic B. highly acidic C. slightly ba