Liu deposited 3,500 into a savings account. The simple interest rate is 4%. How much interest will the account earn in 10 years? interest = interest rate x principle x time

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AMazing · Answer 1 · 2023-11-30T19:19:41+0000

Answer:

1400

Explanation:

you do 3500 x 4% which is 140

140 is the amount of simple interest earned each year

take 140 and multiply with time period which is 10 years

so 140 x 10 = 1400