A new bank customer with $ 3,500 wants to open a money market account. The bank is offering a simple interest rate of 1.7%. to.
How much interest will the customer earn in 30 years? b. What will the account balance be after 30 years?
1 answer:
Answer:
a. $2,303.59
b. $5,803.59
Step-by-step explanation:
A = P(1 + r)^t
A = 3500(1.017)^30
A = 5803.59
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