Asked by Kathy

Constance invested $4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn?

Please show your work :)
Answered by Steve
Each year she gets 3.5% or 0.035 time the amount invested. So, after 3 years, that's

4500 * 0.035 * 3

Review your formula: I = Prt, right?
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