Constance invested $4000 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn?

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asked Apr 2, 2018 139k views

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Lreeder · Answer 1 · 2018-04-06T15:37:31+0000

She made $420 profit. If you want to know how to do this then in your calculator put in $4000 times 103.5% and then you get 140. Then do 140 times 3 representing the 3 years and there.

Constance invested $4000 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn?

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