A new bank customer with $3,000 wants to open an IRA

Last updated: 7/18/2022

A new bank customer with $3,000 wants to open an IRA (Individual Retirement Account) to earn money for retirement. The bank is offering a simple interest rate of 11%. How much interest will the customer earn in 20 years? In 30 years? What will be the account balance after 20 years? After 30 years? in interest. In 20 years, the account will earn $ In 20 years, the account balance will be $ In 30 years, the account will earn $ in interest. In 30 years, the account balance will be $