Answer:
Interest in 3 years = $456.52
Step-by-step explanation:
As we know the the formula of compound interest
Total amount = 
Here n = number of times amount is compounded
r = rate of interest
t = period
Here A = $2500
r = 0.0575
n = 1 (compounded annually)
t = 3 years
Therefore amount after 3 years

P =2500(1.0575)³
= 2500×1.18
= $2956.52
We have to calculate the interest then
Interest = $2956.52-$2500 = $456.52
So after 3 years interest gained = $456.52
Lines are described by equations of the form y = mx + b
The fast way of finding 'b' is to look for a place where x = 0 and plug in the x and y values into this equation. In the case of this line, when x = 0, y = 5:
5 = m(0) + b
5 = 0 + b
5 = b
To get the slope, 'm', we need to pick two points and divide the difference of their y values by the difference of their x values. Pick points where the line falls on the grid. The one we just used, (0,5), works well. So does (2,1).
Plug into the equation m = (y2-y1)/(x2-x1) to get m = (1-5)/(2-0) = -4/2 = -2
Our equation is y = -2x + 5
Simple Interest = Money Amount + (Interest percentage of Money × number of years or months)
SI = 3500 + (3.5% of 3500 × 4)
SI = 3500 + (122.5 × 4)
SI = 3500 + 490
SI = 3990 !
He earned 3990 over 4 years. If you liked my answer, please make me the brainliest answer! :)
Answer:
ITS 15 THANK ME LATER!!!!
Step-by-step explanation: