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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

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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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

User Dunsin Olubobokun
by
8.1k points

1 Answer

2 votes
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
User Ragesz
by
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