Advanced Algebra and financial aplication

User Generated

wbinanqravfr

Mathematics

Description

Jeri deposits $350 in a savings account that pays 3.125% interest. How much interest will Jeri earn after 4 years?

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Explanation & Answer

simple interest =principle*percentage rate *time*100

                         =$350*3.125/100*4*100

                        =$43.75


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