A new bank customer with $3,500 wants to open a money market account. The bank is offering a simple interest rate of 1.1%.
a. How much interest will the customer earn in 10 years?
b. What will the account balance be after 10 years?

A. they will earn 385 dollars in interest in ten years

B. the accounts balance will be $3,885 after 10 years

Step-by-step explanation:

for part A, there are 2 possible answers, depending on what your looking for, if your looking for the percentage interest, then its 11%, but if your looking for how much they will make off of interest in 10 years, then the answer would be $385.