Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

A new bank customer with ​$5,000 wants to open a money market account. The bank is offering a simple interest rate of 1.4​%. a. How much interest will the customer earn in 10 ​years? b. What will the account balance be after 10 ​years?

Sagot :

00060579

Answer:

2,745

Step-by-step explanation:

aidanbeecher

Answers:

a. The customer will earn $700 after 10 years.

b. The bank balance will be $5,700 after 10 years,

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.