Register

Use the simple interest formula to find the ending balance. $5000 at 5% for 3.5 years. Round your answer to the nearest cent. Enter your answer in the box.

Use the simple interest formula to find the ending balance. $5000 at 5% for 3.5 years. Round your answer to the nearest cent. Enter your answer in the box.
201k views
5 votes
Use the simple interest formula to find the ending balance.

$5000 at 5% for 3.5 years.

Round your answer to the nearest cent.

Enter your answer in the box.

User Avario
by
7.6k points

2 Answers

7 votes
I believe it's 5,875.00
User Wondim
by
8.0k points
5 votes
5000 * 0.05 * 3.5 = 875

5000 + 875 = 5875

answer: ending balance $5,875
User KiynL
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!