bleon2826 bleon2826
  • 21-09-2020
  • Mathematics
contestada

We invest $3000 in an account that pays simple interest of 2% each year. How much interest is earned after 10 years?

Respuesta :

madison2014nc
madison2014nc madison2014nc
  • 21-09-2020

Your answer is

After 10 years, there is 600 dollars worth. In total the account has 3600 dollars in it

3000+ ( .02 x × 3000 )

Plug in 10 for x

3000 + (.02 ( 10 ) × 3000)

3000+ ( .2 × 3000 )

3000 + 600

3600 dollars after 10 years

Answer Link

Otras preguntas

what process takes place inside chloroplasts
What is the derivative of the function (2x^2+3x+7)/(sqrt(x))
What is Joseph Pulitzer known for today
13. The center of the largest film industry in the world, "Bollywood," and Dharavi, the largest slum in India, are both located in A. Kolkata. B. Mumbai. C.
Mark each of the following statements if it expresses a value from the story of Odysseus and the Cyclops. A. The Cyclops thought the Cyclopes were more powerful
what process takes place inside chloroplasts
How many proper nouns are in this sentence: grandma said she will take our family to a play or a musical
What chemical equation sums up the events of photosynthesis?
Symbolism is ____________________
he simple interest on an investment of $2000 for one year is $110. What is the interest rate? A. 0.0055% B. 0.055% C. 0.55% D. 5.5%