Michael invest $600 in an account with a 3% interest simple interest rate. The account is open for 10 years. How much interest did he earn after 10 years? A: $150 B: 180 C: 1800…

Question

asked Jan 16, 2021 162k views

1 Answer

Semajhan · Answer 1 · 2021-01-23T02:23:49+0000

Answer:

$180

Explanation:

Interest = Principal * rate * time

= 600 * .03 * 10

= 180

Principal + Interest = Total value

$600 + $180 = $780