Question

Emily deposits $4000 in a simple interest account. How much simple interest will she earn in 3.5 years at a rate of 1.2%?

Answer 1

168

Explanation:

Simple interest(I)= Principal(P)*Rate (R)*Time (T)]

÷100

I=4000*3.5*1.2=16800÷100=168

: Simple interest(I) =168