You invested $7000 into a money market account for 10yrs at an annual interest rate of 3% what will be the balance in the account

Question

asked Oct 23, 2022 149k views

1 Answer

Infamoustrey · Answer 1 · 2022-10-28T10:59:21+0000

Answer:

$9100

Explanation:

S.I=PRT/100

S.I=$7000×3×10/100

S.I=210000/100

S.I=2100

Interest + Principal= Balance

$2100+$7000=$9100