Answered

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If you have $10,000 in a savings account and you earn 8% simple interest, how much money will be in the account after 3 years?

Sagot :

devishri1977

Answer:

$ 12400

Step-by-step explanation:

P =$10,000

r= 10%

t = 3 year

[tex]I = P*r*t=\dfrac{10000*8*3}{100}[/tex]

I = $ 2400

Amount = P + I = 10000 + 2400 = $ 12,400

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