crystalhigdon8 crystalhigdon8

13-11-2017
Mathematics

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use the simplest interest formula to find the ending balance $5,000 at 5% for 3.5 years

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pickle1of3 pickle1of3

13-11-2017

On an investment of $5000 with an interest payment of 5% = $250 at one year. At 3.5 years, the interest payments would total $250 × 3.5 = $875

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veronicabeyta veronicabeyta

18-11-2017

The answer is $5875.00.

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