stephaniesille5 stephaniesille5

11-03-2021
Mathematics

contestada

If $6,000 is invested for 5 years with a 3.5% yearly interest rate, what is the amount of simple interest earned?

Respuesta :

11-03-2021

Answer:

1,050

Step-by-step explanation:

Simple Interest = Principle×Rate×Time/100

=6,000×5×3.5/100

=1,050

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