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tigry1 [53]
3 years ago
7

Julia invested $4,000.00 in a mutual fund with the simple interest rate of 3.5% per year. How much interest would she earn after

2 years
Mathematics
2 answers:
Harman [31]3 years ago
6 0
Multiply the intrest rate per year by 2 then subtract that number from 4,000. You will get the answer of $3.93 after 2 years.
kaheart [24]3 years ago
6 0

Answer: 280$

Step-by-step explanation: Using the I=prt method.

P=Amount Borrowed or Invested

R=Interest Rate

T= Years

P=$4000.00

R=%3.5>>0.035

T=2 years

4000*0.035*2=280

$280

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