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Find the accumulated value of the deposit $2500 made in simple interest for 3.5 years at 5% rate of interest per year.

Find the accumulated value of the deposit $2500 made in simple interest for 3.5 years at 5% rate of interest per year.
asked 208k views
1 vote
Find the accumulated value of the deposit $2500 made in simple interest for 3.5 years at 5% rate of interest per year.

asked
User Ramtheconqueror
by
7.9k points

2 Answers

6 votes

Answer:

437.50

Explanation:

I=(2500)(0.05)(3.5)

I=437.50

answered
User Infinity James
by
8.4k points
4 votes
2500 x .05 x 3.5 = 437.5 or 437.50
answered
User Jayant Patil
by
7.8k points
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