Homework Help: Algebra 1

Posted by Haylie on Tuesday, January 15, 2013 at 1:02pm.

(3 points) Frank invests $2,745 for 3 years at a rate of 3.5%. How much interest did Frank make? PLEASE HELP SOOOON!!!

Algebra 1 - Steve, Tuesday, January 15, 2013 at 2:34pm
just plug in your formula

simple interest:
i = 2745 * .035*3

compound interest:
i = 2745(1+.035)^3 - 2745

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