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abruzzese [7]
3 years ago
9

Use the simplest interest formula to find the ending balance $5,000 at 5% for 3.5 years

Mathematics
2 answers:
Scilla [17]3 years ago
7 0
The answer is $5875.00. 

Maksim231197 [3]3 years ago
6 0
On an investment of $5000 with an interest payment of 5% = $250 at one year. At 3.5 years, the interest payments would total $250 × 3.5 = $875
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