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3 years ago

14

Use the simple interest formula to find the ending balance.

1 answer:

AlexFokin [52]3 years ago

7 0

Answer:

$5,875

Step-by-step explanation:

Interest = Principal x Time x Interest Rate

Interest = $5000 x 3.5 x 0.05

Interest = $875

Total Balance will be

$5000 + $875

= $5,875

in 3.5 years

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