Question

Use the simple interest formula to find the ending balance.

$5000 at 5% for 3.5 years.
You can get free points too if you want.

Answer 1

Answer:5925

Step-by-step explanation:

5% of 5000 is 250 2.5% of it 175

250 * 3 = 750

750 + 175 = 925

5925

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