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20 November, 02:18

How much is $23,000 worth after 10 years at 6%

annual interest?

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Answers (1)
  1. 20 November, 04:58
    0
    Answer: $36800

    Step-by-step explanation:

    Principal = $23000

    Rate=6%

    Time = 10years

    Simple interest = Principal*Rate*Time / 100

    = 23000*6*10 / 100

    = 1380000/100

    = $13800

    Amount = Principal+Interest

    = 23000+13800

    = $36800
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