54.1k views
3 votes
You deposit $3500 in an account. Find the interest earned in 5 years at a simple interest rate of 7 1/2% per year.​

User Omranic
by
4.1k points

1 Answer

2 votes

Answer: $1312.5 is the amount of interest earned in 5 years.

User Dan Randolph
by
4.8k points