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A new bank customer with $3,000 wants to open a money market account. The bank is offering a
simple interest rate of 1.4%.
a. How much interest will the customer earn in 30 years?
b. What will the account balance be after 30 years?
a. The customer will earn $ in interest

Respuesta :

sharda40

Answer:

SI=P*T*R/100

=3000*1.4*30/100

=$1260

Account balance=3000+1260

=$4260

Answer:

Step-by-step explanation:

SI=P*T*R/100

P=3000

t=30

r=1.4%

I=PRT

=3000*1.4*30/100

=$1260

After 30 years?

interest plus current amount

Account balance=3000+1260

=$4260

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