A new bank customer with $4,500 wants to open a money market account. The bank is offering a simple rate of 1.4%
a. How much interest will the customer earn in 30 years?
b. What will the account balance be after 30 years?
a. The customer will earn $ in interest.
b. After 30 years, the account balance will be $0.

a) interest in 30 years will be $1,890

b) account balance in 30 years will be $6,390

Step-by-step explanation:

Interest = Principal · Rate · Time

            = 4500 (.014)(30)

            = 1,890

Total Amount = Interest + Principal

                       = 1,890 + 4,500

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.