Compute the amount of interest earned in the following simple interest problem. A deposit of $800 at 3.5% for 7 years = _____.

Mathematics

2 answers:

Anni [7]3 years ago

8 0

Answer:

$196.00

Step-by-step explanation:

Mekhanik [1.2K]3 years ago

7 0

800*.035 = 28 This is interest per year.
28 * 7 = $196 Total interest earned for seven years
Total money in account is $996

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