LeShana loaned Deena $480. Deena paid the money back with simple interest of 5% at the end of 2 years. How much money did Deena
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Answer:
look at the picture i have sent
The amount after 3 years would be $221.74
<u>Explanation:</u>
Given:
Principal, P = $200
Rate of interest, r = 3.5%
Time, t = 3 years
Amount, A = ?
We know:
Substituting the value we get:
Therefore, the amount after 3 years would be $221.74