summer2445 summer2445

22-12-2020
Mathematics

contestada

What is the interest for a principal of $3,500 at a simple annual interest rate of
2% over 1 year?

Respuesta :

clarch19 clarch19

30-12-2020

Answer:

$70

Step-by-step explanation:

Interest = Principal x Rate x Time

p = 3500

r = .02

t = 1

multiply the above and you get 70

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