(3 points) Frank invests $2,745 for 3 years at a rate of 3.5%. How much interest did Frank make? PLEASE HELP SOOOON!!!
just plug in your formula
simple interest:
i = 2745 * .035*3
compound interest:
i = 2745(1+.035)^3 - 2745
simple interest:
i = 2745 * .035*3
compound interest:
i = 2745(1+.035)^3 - 2745