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What is the annual interest for a principal of $3,500 at a simple annual interest rate of 2.3%

What is the annual interest for a principal of $3,500 at a simple annual interest rate of 2.3%
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4 votes
What is the annual interest for a principal of $3,500 at a simple annual interest rate of 2.3%

asked
User Thomas Kremmel
by
7.8k points

1 Answer

1 vote

Answer:

80.5

Explanation:

3500 - 100%

x - 2.3%


(3500 * 2.3)/(100) = 80.5

answered
User Jan Gabriel
by
7.8k points
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