Register
Michael invest $600 in an account with a 3% interest simple interest rate. The account is open for 10 years. How much interest did he earn after 10 years? A: $150 B: 180 C: 18000 D: 1800
162k views
4 votes
Michael invest $600 in an account with a 3% interest simple interest rate. The account is open for 10 years. How much interest did he earn after 10 years?

A: $150
B: 180
C: 18000
D: 1800

User Sayhan
by
5.5k points

1 Answer

4 votes

Answer:

$180

Explanation:

Interest = Principal * rate * time

= 600 * .03 * 10

= 180

Principal + Interest = Total value

$600 + $180 = $780

User Semajhan
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.4m questions

7.0m answers

Other Questions

The stem-and-leaf plot shows the number of people who used each run of the Red Line train. What is the range of the data? https://clackamasweb.owschools.com/media/g_mat08_ccss_2016/9/img_graph_stemandleaf.
Matt has a box that is 15 inches long and 5 inches wide. The volume of the box is 225 cubic inches. What is the height of the box?
6xt3x -x+9 =33 solve the equatolion
The two cones are similar. Find the surface area of the larger cone. Round your answer to the nearest hundredth. A.810.28cm squared. B.847.80cm squared. C.868.30cm squared. D.886.25cm squared
What type of triangle has 3 sides that are the same length?
Link Copied!