Register

You have 550$ in a savings account that earns 3% simple interest each year.How much will be in your account in 10 years?

You have 550$ in a savings account that earns 3% simple interest each year.How much will be in your account in 10 years?
asked 211k views
2 votes
You have 550$ in a savings account that earns 3% simple interest each year.How much will be in your account in 10 years?

asked
User Siraj Pathan
by
7.9k points

1 Answer

5 votes
$715
3% of 550=16.5. 16.5*10=165. 550+165=715.

answered
User Yogzzz
by
8.5k points
← Prev Question Next Question →

Related questions

User Michael Williams
asked Nov 20, 2021 122k views
If you made $125 in 10 hours , how many hours would you take to have to work to earn 550$
Michael Williams asked Nov 20, 2021
by Michael Williams
8.2k points
1 answer
1 vote
122k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!