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

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

User Davin
by
8.7k points

1 Answer

2 votes

Answer:

Future Value, using...

Simple Interest: $

14,418.13

Annually Compounded Interest: $

14,692.25

Explanation:

User Kalvin Klien
by
8.2k points
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