Question

a new bank customer with $4500. wants to open a money market account. the bank is offering a simple interest rate 1.5%. how much interest will the customer earn in 20 years? what will the account balance be after 20 years?

Answer 1

a. 1350

b. 6500

Explanation:

1.5%×4500=5850

1350+4500=5850

Answer 2

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