sabrinabowers4308
12.02.2021 •
Mathematics
You deposit 600$ in a savings account.the account earns 10% simple interest per year
A. What is the interest after 10 years?
B.what is the balance after 10 years
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Ответ:
A) $600
B) $1200
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 10%/100 = 0.1 per year,
then, solving our equation
I = 600 × 0.1 × 10 = 600
I = $ 600.00
The simple interest accumulated
on a principal of $ 600.00
at a rate of 10% per year
for 10 years is $ 600.00.
Ответ: