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5 votes
Please help! thanks :)

Please help! thanks :)-example-1
User Jiddo
by
6.5k points

1 Answer

8 votes

Answer:

$280

$1400

Explanation:

Simple interest formula:

i = prt

Interest for 2 years:

i = $3500 × 0.04 × 2

i = $280

Interest for 10 years:

i = prt

i = $3500 × 0.04 × 10

i = $1400

User Angelo Angeles
by
6.1k points