230k views
1 vote
Don deposited $3,500 for 5 years on 2.40% yearly interest rate in his saving account. How much interest will he earn?

1 Answer

0 votes

Answer:

$4200 is the answer

Explanation:

If you multiple $3500x5x2.4

3500x5= 17,500

17,500x2.4= $42,000

User SaoBiz
by
5.3k points