PLZ HELP You decide to deposit $5000 in a savings account that earns 3% interest. How much money will you have in 10 years?

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asked Oct 14, 2021 228k views

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Lux Logica · Answer 1 · 2021-10-21T13:45:06+0000

Answer:

$6500

Explanation:

First you find 3% of 5,000. You get 150. Then you would multiply 150 by 10 since it was in the bank for 10 years. You get 1500. Then you add 5000 and 1500 to get 6500.

PLZ HELP You decide to deposit $5000 in a savings account that earns 3% interest. How much money will you have in 10 years?

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