Join the IDNLearn.com community and start finding the answers you need today. Get accurate and timely answers to your queries from our extensive network of experienced professionals.

Calculate the amount of money​ you'll have at the end of the indicated time period.
You invest ​$3000 in an account that pays simple interest of 3​% for 10 years.

The amount of money​ you'll have at the end of 10 years is


Sagot :

The amount of money​ you'll have at the end of 10 years is $3900.

Given that, P=$3000, R=3% and T=10 years.

What is the formula to find the simple interest?

The formula to find the simple interest is [tex]Interest=\frac{P \times T \times R}{100}[/tex].

Now, simple interest [tex]=\frac{3000 \times 10 \times 3}{100}=\$900[/tex].

Amount=Simple Interest+Principal

=900+3000=$3900

Therefore, the amount of money​ you'll have at the end of 10 years is $3900.

To learn more about the simple interest visit:

https://brainly.com/question/25845758.

#SPJ1