Anonymousismee Anonymousismee

21-11-2020
Mathematics

contestada

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: 18000
D: 1800

Respuesta :

netizenwebb netizenwebb

21-11-2020

Answer:

$180

Step-by-step explanation:

Interest = Principal * rate * time

= 600 * .03 * 10

= 180

Principal + Interest = Total value

$600 + $180 = $780

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