Answered

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a new bank customer with $3,500 wants to open a money market account. the bank is offering a simple interest rate of 1.5%. a. how much interest will the customer earn in 20 years? b. what will the account balance be in 20 years?

Sagot :

In 20 years, the customer will earn $1050. The account balance at the end of 20 years is $4550.
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