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Suppose $10,000 is desposited in a bank at 3.5% annual interest. What is the interest earned after one year?

Suppose $10,000 is desposited in a bank at 3.5% annual interest. What is the interest earned after one year?
asked 34.3k views
1 vote
Suppose $10,000 is desposited in a bank at 3.5% annual interest. What is the interest earned after one year?

asked
User Buruzaemon
by
8.0k points

2 Answers

1 vote

Answer:

$350

Explanation:

answered
User Peter Loudon
by
8.5k points
0 votes

Answer:

The interest earned would be $353

Explanation:

See the image attached

Suppose $10,000 is desposited in a bank at 3.5% annual interest. What is the interest-example-1
answered
User Syed Daniyal Asif
by
8.4k points
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