peligrosa818 peligrosa818

03-10-2021
Mathematics

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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?

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mhanifa mhanifa

03-10-2021

Answer:

$12400

Step-by-step explanation:

Initial amount = $10000
Interest rate = 8%
Time = 3 years

Amount in the account after 3 years:

$10000*(1 + 3*8/100) = $12400

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