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A new bank customer with $4500. wants to open a money market account. the bank is offering a simple interest rate 1.5%. how much interest will the customer earn in 20 years? wha…

A new bank customer with $4500. wants to open a money market account. the bank is offering a simple interest rate 1.5%. how much interest will the customer earn in 20 years? wha…
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a new bank customer with $4500. wants to open a money market account. the bank is offering a simple interest rate 1.5%. how much interest will the customer earn in 20 years? what will the account balance be after 20 years?

asked
User Aliaksei Bulhak
by
8.3k points

2 Answers

3 votes

Answer:

a. 1350

b. 6500

Explanation:

1.5%×4500=5850

1350+4500=5850

answered
User Ptc
by
7.2k points
2 votes
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answered
User Bilal Mustafa
by
8.7k points
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