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You deposit ​$ 3500 in an account with an annual interest of 3.4​% for 20 years.

You deposit ​$ 3500 in an account with an annual interest of 3.4​% for 20 years.
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2 votes
You deposit ​$ 3500 in an account with an annual interest of 3.4​% for 20 years.

User Radi
by
7.4k points

1 Answer

3 votes

Answer:

0.0048

Explanation:

I=PRT/100

3.4=3500×R×20 /100

340/70000=R

R=0.0048

User Anton Kupias
by
9.0k points
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