SOLUTION: $3,000 at 8% for 30 years (a) Calculate the future amount if the money were invested at simple interest.

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Question 484850: $3,000 at 8% for 30 years
(a) Calculate the future amount if the money were invested at simple interest.
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
I=PRT
I=3,000*.08*30
I=3,000*2.4
I=$7,200 ANS.