Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.