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Constance invested $4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn?

Constance invested $4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn?
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1 vote
Constance invested $4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn?

User Geetanshu Gulati
by
7.6k points

2 Answers

5 votes

Answer:

$420

Explanation:

User Mike Rodent
by
8.1k points
7 votes
(45,000/3)*3.5 is your formula. Thankyou
User Fereshteh
by
7.6k points
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