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Use the simple interest formula to find the ending balance $5000 at 5% for 3.5 years Round your answer to to the nearest cent

Use the simple interest formula to find the ending balance $5000 at 5% for 3.5 years Round your answer to to the nearest cent
asked 200k views
1 vote
Use the simple interest formula to find the ending balance

$5000 at 5% for 3.5 years

Round your answer to to the nearest cent

asked
User Zepplock
by
8.8k points

1 Answer

2 votes
The answer would be 5,875.00
answered
User JoniVR
by
9.0k points
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