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28 July, 18:07

Find the interest earned in an account with 3,600 invested at 3 1/2% simple interest for 5 years at

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  1. 28 July, 20:08
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    Total Interest earned is $630.

    Step-by-step explanation:

    Principal = $3,600

    Time = 5 Years

    Interest Rate = 3 1/2% = 7/2% = 3.5%

    Interest = Principal x Time x Interest Rate

    Interest = $3,600 x 5 x 0.035

    Interest = $630
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