3 years ago

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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