katielouiserae7961 katielouiserae7961
  • 17-05-2020
  • Mathematics
contestada

Cher invested $10,000 in an account that earns 2% simple interest. If Cher makes no more deposits or withdrawals, then what will her account balance be at the end of 3 years?

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hltb121978
hltb121978 hltb121978
  • 18-05-2020

Answer:

$10,600.00

Step-by-step explanation:

I=PRT

I=(10,000)(0.02)2

10,000

× .02

______

200

×3

____

600.00

+10000

________

10,600

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