Your grandparents just gave you a gift of $3,000.You are investing this money for 10 years at 3 percent simple interest.How much money will you have at the end of the 6 years?
A) $3.090
B) $3,270
C) $3,450
D) $3,900
E) $4,031.75
Correct Answer:
Verified
Q33: Sixty years ago, your grandparents opened two
Q34: South Central Bank pays 2.5 percent interest,
Q35: Precision Engineering invested $95,000 at 5.5 percent
Q36: Roberto just deposited $11,500 into his savings
Q37: Ben invested $7,500 twenty years ago with
Q39: Theodoro has just received an insurance settlement
Q40: Today, you deposit $2,500 in a bank
Q41: You want to have $32,000 for a
Q42: You have just made your first $5,000
Q43: Assume the total cost of a college
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents