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lisabon 2012 [21]
3 years ago
15

A new bank customer with $4,500 wants to open a money market account. The bank is offering a simple

Mathematics
1 answer:
sasho [114]3 years ago
8 0

Answer:

a) interest in 30 years will be $1,890

b) account balance in 30 years will be $6,390

Step-by-step explanation:

Interest = Principal · Rate · Time

            = 4500 (.014)(30)

            = 1,890

Total Amount = Interest + Principal

                       = 1,890 + 4,500

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