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You have $250 to invest for 5 years at 3.5%. What will the total amount be in your account if it is invested using simple interest?
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You have $250 to invest for 5 years at 3.5%. What will the total amount be in your account if it is invested using simple interest?
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Jun 25, 2017
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You have $250 to invest for 5 years at 3.5%. What will the total amount be in your account if it is invested using simple interest?
Mathematics
middle-school
Vincent Tan
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Interest = PRT
$250 x 0.035 x 5 = $43.75
$250 + $43.75 = $293.95
MikeT
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Jun 26, 2017
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250/3.5= 72.45857142857143
72.45857142857143/5=14.28
Liju
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Jul 1, 2017
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Liju
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