summer2445 summer2445

22-12-2020
Mathematics

contestada

What is the interest for a principal of $3,500 at a simple annual interest rate of
2% over 1 year?

Respuesta :

jlnormoyle jlnormoyle

22-12-2020

I’m pretty sure it’s 80.5 I’m not sure though

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machmillerg machmillerg

22-12-2020

Answer:

$70

Step-by-step explanation:

$3500*(2%/100%) = $70

It pretty simple just take 2% and times it by the principle if it's only for one year.

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