Answer: See explanation
Step-by-step explanation:
The Simple Interest will be calculated as:
= P × R × T
= $3000 × 1.8% × 10.
= $3000 × 0.018 × 10
= $540
The interest that the customer earn in 10 years is $540.
Then, the account balance after 10 years will be:
= Principal + Interest
= $3000 + $540
= $3540
Therefore, the account balance will be $3540
