cyrensong
Answered

Compute the amount of interest earned in the following simple interest problem. A deposit of $800 at 3.5% for 7 years = _____.

Answer :

ekenn9963
800*.035 = 28 This is interest per year.
28 * 7 = $196 Total interest earned for seven years
Total money in account is $996
phyrenee

Answer:

$196.00

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