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Gnoma [55]
3 years ago
9

A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.1%. How m

uch interest will the customer earn in 20 years? What will be the account balance after 20 years?
Mathematics
1 answer:
pickupchik [31]3 years ago
3 0
$3,660

The formula is P*R*T and that stands for principal * rate * time (in years). When you use the formula and plug in all of the numbers, you get the answer $3,660.

Hopefully this helps!
-Coconut;)
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