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Calculate the amount of money​ you'll have at the end of the indicated time period.
You invest ​$3000 in an account that pays simple interest of 3​% for 10 years.

The amount of money​ you'll have at the end of 10 years is

Sagot :

The amount of money​ you'll have at the end of 10 years is $3900.

Given that, P=$3000, R=3% and T=10 years.

What is the formula to find the simple interest?

The formula to find the simple interest is [tex]Interest=\frac{P \times T \times R}{100}[/tex].

Now, simple interest [tex]=\frac{3000 \times 10 \times 3}{100}=\$900[/tex].

Amount=Simple Interest+Principal

=900+3000=$3900

Therefore, the amount of money​ you'll have at the end of 10 years is $3900.

To learn more about the simple interest visit:

https://brainly.com/question/25845758.

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