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

Wayne earns 7% simple interest for 5 years on $3500. What is the total amount in the account?
4.1k views
4 votes
Wayne earns 7%

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

User Glennular
by
8.3k points

1 Answer

3 votes

Answer:

49

Explanation:

3500 divided by 5 equals 700

700 times 7% equals 49

User Roman Yankovsky
by
8.2k points
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