Wayne earns 7% simple interest for 5 years on $3500. What is the total amount in the account?

asked Jun 24, 2022 4.1k views

4 votes

Wayne earns 7%

simple interest for 5
years on $3500. What
is the total amount in
the account?

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3 votes

Answer:

Explanation:

3500 divided by 5 equals 700

700 times 7% equals 49

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