Question

$35,000 at 2% for 9 years. ending balance and interest

Answer 1

Answer:

$Solution$

Here,

$Principle(p)= 35000\\Rate(r)=2%\\\\Time(t)=9 years$

$Now, Interest(I)=\frac{PTR}{100}$

                            $=\frac{35000*2*9}{100}\\= 3600$