84,932 views
35 votes
35 votes
Please help! thanks :)

Please help! thanks :)-example-1
User Clint Good
by
3.0k points

1 Answer

18 votes
18 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 Ruks
by
2.6k points