How much is $23,000 worth after 10 years at 6%
annual interest?
1 answer:
Answer: $36800
Step-by-step explanation:
Principal= $23000
Rate=6%
Time= 10years
Simple interest= Principal×Rate×Time / 100
= 23000×6×10 / 100
= 1380000/100
= $13800
Amount= Principal+Interest
= 23000+13800
= $36800
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