Question

Cher invested $10,000 in an account that earns 2% simple interest. If Cher makes no more deposits or withdrawals, then what will her account balance be at the end of 3 years?

Answer 1

Answer:

$10,600.00

Step-by-step explanation:

I=PRT

I=(10,000)(0.02)2

10,000

× .02

______

200

×3

____

600.00

+10000

________

10,600