A new bank customer with $3,500 wants to open a money market account. The bank is offering a simple interest of 1.6%. a. How much interest will the customer earn in 10 years? b. What will the account balance

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asked Jun 18, 2021 34.7k views

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A new bank customer with $3,500 wants to open a money market account. The bank is offering a simple interest of 1.6%.

a. How much interest will the customer earn in 10 years?
b. What will the account balance be after 10 years?

Mathematics
high-school

Andrey Romashin asked

by Andrey Romashin

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1 Answer

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Answer:

A is $490 and B is 3990

Explanation:

The way I solved this is with my last brain cells, you welcome.

Kibaekr answered Jun 22, 2021

by Kibaekr

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