A new bank customer with $4,500 wants to open a money market account. The bank is offering a
simple interest rate of 1.9%.
a. How much interest will the customer earn in 30 years?
b. What will the account balance be after 30 years?

Question

03-03-2021
Mathematics

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A new bank customer with $4,500 wants to open a money market account. The bank is offering a
simple interest rate of 1.9%.
a. How much interest will the customer earn in 30 years?
b. What will the account balance be after 30 years?

Sagot :

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Аноним Аноним · Answer 1 · 2021-03-03T12:08:02-05:00

Аноним Аноним

03-03-2021

Ans

Step-by-step explanation:]\

To use the simple interest formula, I = Prt, we substitute in the values for ... The money you put in the bank is called the principal, P, and the bank pays ... of t years at an annual interest rate r, the amount of interest, I, earned is ... Nathaly deposited $12,500 in her bank account where it will earn 4% interes

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