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Starting with $7,500 in your account, how much money will you have saved in 10 years in a simple interest account with a rate of 3.45%. What is the total amount of interest earn…

Starting with $7,500 in your account, how much money will you have saved in 10 years in a simple interest account with a rate of 3.45%. What is the total amount of interest earn…
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Starting with $7,500 in your account, how much money will you have saved in 10 years in a simple interest account with a rate of 3.45%. What is the total amount of interest earned at the end of 10 years (account balance - $7,500)

asked
User Petr Kozelka
by
7.8k points

1 Answer

4 votes

Answer:

$10087.5

Explanation:

take $7,500× 3.45% = $258.75 ×10= 2587.5+ the 7500= 10087.5

answered
User Daniel Gratz
by
7.8k points
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