3 years ago

If you have $10,000 in a savings account and you earn 8% simple interest, how much money will be in the account after 3 years?

Mathematics

1 answer:

ludmilkaskok [199]3 years ago

4 0

Answer:

$ 12400

Step-by-step explanation:

P =$10,000

r= 10%

t = 3 year

$I = P*r*t=\dfrac{10000*8*3}{100}$

I = $ 2400

Amount = P + I = 10000 + 2400 = $ 12,400

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