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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 :

Answer:

2,745

Step-by-step explanation:

Answers:

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

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