A new bank customer with $2,500 wants to open a money market account. The bank is offering a simple interest rate of 1.9%. How much interest will the customer earn in 30 years? What will the account balance be after 30 years?

A new bank customer with 2500 wants to open a money market account The bank is offering a simple interest rate of 19 How much interest will the customer earn in class=

Respuesta :

Answer:

Interest = $1897.09               Account Balance = $4397.09

Step-by-step explanation:

2500 x 1.019 = $4397.09 = Account Balance

4397.09 - 2500 = $1897.09  = Interest