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Flura [38]
3 years ago
14

Use the simple interest formula to find the ending balance.

Mathematics
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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