Homework Help: simple interest

Posted by lou on Tuesday, November 13, 2012 at 5:27pm.

if i deposit 3,500 dollars at and intrest rate of 71/2% per year for 5 years what would my interest amount be?

simple interest - Ms. Sue, Tuesday, November 13, 2012 at 5:28pm
I = PRT

I = 3,500 * 0.075 * 5

I = ?

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