If $10000 is invested at a rate of 3 percent for 10 years, how much money is in the account at the end of the term? A. 300 B. 3,000 C. 10,000 D. 13,000

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asked Jan 8, 2019 57.0k views

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If $10000 is invested at a rate of 3 percent for 10 years, how much money is in the account at the end of the term?

A. 300
B. 3,000
C. 10,000
D. 13,000

Mathematics
high-school

Dunsin Olubobokun asked

by Dunsin Olubobokun

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1 Answer

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D. $10,000 x .03 x 10 = $3,000 interest add interest to principal
$3,000 + $10,000 = $13,000
in account after 3 years

Ragesz answered Jan 12, 2019

by Ragesz

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