Samuel earns 0.2% interest each year on his savings account. If he has $3500 in his savings account for a year, how much interest will he have at the end of the year?

0.002 * 3500 = 7

3500+7 = $3507

Thank you :)

To calculate the interest earned at the end of the year, you need to know the principal amount (the initial amount of money) and the interest rate. In this case, Samuel has $3500 in his savings account, and the interest rate is 0.2% per year.

To calculate the interest, you can use the formula:

Interest = (Principal Amount * Annual Interest Rate) / 100

To find the interest amount, we substitute the given values into the formula:

Interest = (3500 * 0.2) / 100

You're welcome.

Please check and make sure your percentage rate is correct.