Question

Please help me A.S.A.P.

Carlos invests $5,000 at a rate of 3.5%. How much interest will he earn in 4 years?

Answer 1

You can go to bankofcanada.ca and you can type the year and stuff

Explanation:

Answer 2

700 Dollars

Explanation:

The expression for solving this is I = prt

So lets start with P, that is our principal or amount of money we start with, and we want to multiply it by our rate, or r , which is 3.5, so we would do 5000 x 0.035 to get 175, then we multiply that by our time or t, which is 4 years, so 175 x 4 = 700 dollars :D