Don deposited $3,500 for 5 years on 2.40% yearly interest rate in his saving account. How much interest will he earn?

Question

Don deposited $3,500 for 5 years on 2.40% yearly interest rate in his saving account. How much interest will he earn?

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Bình An 6 months 2021-08-06T15:09:47+00:00 1 Answers 6 views 0

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  1. ngocdiep
    0
    2021-08-06T15:11:45+00:00
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    Answer:

    $4200 is the answer

    Step-by-step explanation:

    If you multiple $3500x5x2.4

    3500×5= 17,500

    17,500×2.4= $42,000

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