2 years ago

A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6%.

Mathematics

1 answer:

Law Incorporation [45]2 years ago

8 0

Answer:

a. 480

b. 3480

Step-by-step explanation:

a. Because 3000 times 1.6% is 48, 48 times 10 is 480.

b. Because 480 plus 3000 is 3480

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A new bank customer with ​$3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6​%.

A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6%.