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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 :

mhanifa

Answer:

  • $12400

Step-by-step explanation:

  • Initial amount = $10000
  • Interest rate = 8%
  • Time = 3 years

Amount in the account after 3 years:

  • $10000*(1 + 3*8/100) = $12400

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