John invests in a bank and gets 10% simple interest. He invests $1000. How much money does he have after 3 years?
Please answer the following question by reasoning step-by-step.
1300
He gets 1000 *.

1 = $100 a year.

So after 3 years, he gets 100 * 3 = $300.

So he has 300 + 1000 = $1300.

.

The answer: 1300