Question: A new bank customer with $3 comma 500 wants to open a money market account. The bank is offering a simple interest rate of 1.6%.

A new bank customer with $3 comma 500 wants to open a money market account. The bank is offering a simple interest rate of 1.6%. a. How much interest will the customer earn in 10 years? b. What will the account balance be after 10 years? Question content area bottom Part 1 a. The customer will earn $ enter your response here in interest.

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