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We invest $3000 in an account that pays simple interest of 2% each year. How much interest is earned after 10 years?

Respuesta :

madison2014nc

Your answer is

After 10 years, there is 600 dollars worth. In total the account has 3600 dollars in it

3000+ ( .02 x × 3000 )

Plug in 10 for x

3000 + (.02 ( 10 ) × 3000)

3000+ ( .2 × 3000 )

3000 + 600

3600 dollars after 10 years

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