Investment question Part 2: $3,500 is invested at 7%. How much money
1 answer:
Answer:
$7665
Explanation:
simple interest: principal * rate (%) * time (years)
<u>Given:</u>
principal: $3,500
rate: 7%
time: 17 years
<u>Solve for interest received:</u>
3,500 * 7% * 17
$4165
<u>Total money in account:</u>
$4165 + $3,500
$7665
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