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9 votes
Help please thankssssssssssssss

Help please thankssssssssssssss-example-1
User Hamedazhar
by
8.0k points

1 Answer

4 votes

9514 1404 393

Answer:

C) $3572

Explanation:

The simple interest formula is ...

I = Prt

where P is the amount invested at annual rate r for t years.

To find the value of P, we can divide by rt:

P = I/(rt)

Filling in the given information, we have ...

P = $500/(0.035×4) = $500/0.14 ≈ $3572

$3572 must be invested to earn $500 interest in 4 years.

User MichaelMoser
by
8.2k points

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