Mathematics, 30.11.2021 07:00 arryahc

A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6%.
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.

Answers: 1

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More questions: Mathematics Another questions

A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6%. 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.

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Another question on Mathematics

A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.6%.
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.