Question

A new bank customer with ​$5,000 wants to open a money market account. The bank is offering a simple interest rate of 1.4​%. a. How much interest will the customer earn in 10 ​years? b. What will the account balance be after 10 ​years?

Answer 1

Answers:

a. The customer will earn $700 after 10 years.

b. The bank balance will be $5,700 after 10 years,

Answer 2

2,745

Explanation: