Question

Simple interest worksheet

Answer 1

70.00

Explanation:

Answer 2

Simple interest formula:


`I=prt`

where
`I`=interest,
`p`=principal (how much you put in at first),
`r`=rate as a decimal, and
`t`=number of years.

Let's plug in what we're given.


`I=350*0.05*4`

Calculate it out...


`\boxed{I=70}`

The interest earned is $70.00.