addison400 addison400

13-05-2021
Mathematics

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You deposit $350 at 2,5% for 3 years, How much interest do you earn?

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keijosalonen keijosalonen

13-05-2021

Answer: Interest is 26.91$

Step-by-step explanation: You use formula K = kq^t

in which k = 350$ , t = 3 and q = (1 + p/100). p = 2.5 %

so q = 1.025. Adding values sum is 376.91$

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