addison400 addison400
  • 13-05-2021
  • Mathematics
contestada


You deposit $350 at 2,5% for 3 years, How much interest do you earn?

Respuesta :

keijosalonen
keijosalonen keijosalonen
  • 13-05-2021

Answer: Interest is 26.91$  

Step-by-step explanation: You use formula K = kq^t

in which   k = 350$ , t = 3 and q = (1 + p/100).  p = 2.5 %

so q = 1.025.   Adding values sum is 376.91$

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