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If Millie invests $35,000 in a savings account that earns 3.5% interest, how much interest will she earn after 3 years?
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If Millie invests $35,000 in a savings account that earns 3.5% interest, how much interest will she earn after 3 years?

User Marlon Bernardes
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1 Answer

3 votes

Answer:

$3,675

Explanation:

Simple Interest = principal x rate x time

so, simple interest = $35,000 x 3.5/100 x 3

Therefore, the answer is $3,675

Hooe this helped :)

User Stephen Higley
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