Question

You invested $7000 into a money market account for 10yrs at an annual interest rate of 3% what will be the balance in the account

Answer 1

$9100

Explanation:

S.I=PRT/100

S.I=$7000×3×10/100

S.I=210000/100

S.I=2100

Interest + Principal= Balance

$2100+$7000=$9100