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An account earns simple interest. $2000 at 3.5% for 4 years a. Find the interest earned. $280 b. Find the balance of the account. $

An account earns simple interest. $2000 at 3.5% for 4 years a. Find the interest earned. $280 b. Find the balance of the account. $
asked 210k views
1 vote
An account earns simple interest.

$2000 at 3.5% for 4 years

a. Find the interest earned.
$280

b. Find the balance of the account.
$

asked
User Lyrically Wicked
by
8.8k points

1 Answer

6 votes
a) $280
(2000x0.035)x4=$280

b) $2280
2000+280=2280
answered
User Srlm
by
8.6k points
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