Register

Use the simple interest formula to find the ending balance. $5000 at 5% for 3.5 years.

Use the simple interest formula to find the ending balance. $5000 at 5% for 3.5 years.
6.8k views
2 votes
Use the simple interest formula to find the ending balance.

$5000 at 5% for 3.5 years.

User Hubidubi
by
7.8k points

1 Answer

1 vote
$5000 * 0.05 * 3.5 = $875

$5000 + $875 = $5875

answer: ending balance = $5875
hope that helps
User HParker
by
8.6k 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!