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Calculate the amount of money​ you'll have at the end of the indicated time period. You invest ​$3000 in an account that pays a simple interest of 3​% for 10 years. The amo…

Calculate the amount of money​ you'll have at the end of the indicated time period. You invest ​$3000 in an account that pays a simple interest of 3​% for 10 years. The amo…
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10 votes
Calculate the amount of money​ you'll have at the end of the indicated time period.

You invest ​$3000 in an account that pays a simple interest of 3​% for 10 years.
The amount of money​ you'll have at the end of 10 years is ​$
nothing.

asked
User Delis
by
9.0k points

2 Answers

5 votes

Annually compounded interest: 4,031.75

Simple interest: 3,900.00

answered
User Mandias
by
8.1k points
11 votes

Answer:0

Explanation:

answered
User Pin
by
8.3k points
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