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eerriinn4
eerriinn4 eerriinn4
  • 15-06-2016
  • Mathematics
Answered

An account earns simple interest.

Afind the interest earned

b)find the balance of the account


$2000 at 3.5% for 4 years

Verified Answer :

anacontrerass
anacontrerass anacontrerass
  • 15-06-2016

$2,295.05 ,interest of $295.05

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SuperRegis SuperRegis
  • 15-06-2016

If it was compound interest: the equation is 2000(1.035)^4
if it was simple interest: the equation is 2000 (1.035) 4

Answer Link

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