Calculate the amount of money you'll have at the end of the indicated time period.

Mathematics

1 answer:

Shalnov [3]2 years ago

7 0

The amount of money you'll have at the end of 10 years is $3900.

Given that, P=$3000, R=3% and T=10 years.

<h3>What is the formula to find the simple interest?</h3>

The formula to find the simple interest is $Interest=\frac{P \times T \times R}{100}$ .

Now, simple interest $=\frac{3000 \times 10 \times 3}{100}=\$900$ .

Amount=Simple Interest+Principal

=900+3000=$3900

Therefore, the amount of money you'll have at the end of 10 years is $3900.

To learn more about the simple interest visit:

brainly.com/question/25845758.

#SPJ1

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