Find the interest earned: $11,500 for 3.5 years at 7.25% annual simple interest

asked Apr 5, 2022 34.0k views

4 votes

Find the interest earned:

$11,500 for 3.5 years at 7.25% annual simple interest

by Davin

8.7k points

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2 votes

Answer:

Future Value, using...

Simple Interest: $

14,418.13

Annually Compounded Interest: $

14,692.25

Explanation:

Kalvin Klien answered Apr 12, 2022

8.2k points

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