# 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: 1

## Answers

If you invest $3,500 in saving account that pays 4% simple interest, how much interest will you earn...

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

i dont understand the question ur trying to ask

a=2

r=0.80

circle 2

a=18

r=2.39

2nd circle is "9" times of the first.