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