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25 January, 18:16

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

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Answers (2)
  1. 25 January, 19:16
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    The answer is $5875.00.
  2. 25 January, 19:19
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    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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