Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 (1 point) Gates invested $6,000 in an account that pays 4.5 percent simple interest. How much money will he have at the end

image text in transcribed
Question 3 (1 point) Gates invested $6,000 in an account that pays 4.5 percent simple interest. How much money will he have at the end of ten years? $7,710 $8,400 $8,000 $8,700 $12,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance Strategy, Valuation, And Deal Structure

Authors: Janet Smith, Richard Smith, Richard Bliss

1st Edition

0804770913, 9780804770910

More Books

Students also viewed these Finance questions

Question

=+f. Audience Engagement encourage consumer participation.

Answered: 1 week ago

Question

=+d. Emotional Approach appeal to consumers' emotions.

Answered: 1 week ago