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If you invest $3,500 in saving account that pays 4% simple interest, how much interest will you earn after 3 years? what will the new balance be​

Answers

  • Réponse publiée par: elishakim80

    answer:

    $3,920

    step-by-step explanation:

    main formula is

    p = r × b

    p = 4% × $3,500

    p = 0.04 × $3,500

    p= $140

    $140 x 3 =$420

    3 for 3 years

    the new balance is the base plus the interest.

    $420 + $3,500 = $3,920

  • Réponse publiée par: Rosalesdhan

    i dont understand the question ur trying to ask

  • Réponse publiée par: danigirl12
    Circle 1
    a=2
    r=0.80

    circle 2
    a=18
    r=2.39

    2nd circle is "9" times of the first.
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If you invest $3,500 in saving account that pays 4% simple interest, how much interest will you earn...