Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

what is the interest earned on $350.00 invested 4 years at a 5% simple interest?

Sagot :

apologiabiology
so simple interest earned is [(5% of 350) times 4]
so
percent means parts out of 100 so 5%=5/100=1/20
'of' can be translated as multiply
(1/20 times 350) times 4
[(350/20)times 4]
[(17.5) times 4]
[70]
70 is the answer
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.