Simpson Dunn
03/02/2023 · Middle School

4.6.PS-10 A new bank customer with \( \$ 5,000 \) wants to open a money market account. The bank is olfering a simple interest rate of \( 1.3 \% \). a. How much interest will the customer earn in 10 years? b. What will the account balance be after 10 years?

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a. The customer will earn $650 in interest after 10 years. b. The account balance after 10 years will be $5650.

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