Answer to Question #178870 in Financial Math for David

Question #178870

Aijia invests $2641 in a simple interest account. The annual interest rate is 3.6%.

How much interest will she have earned at the end of 5 years?

Expert's answer

"I=\\frac{PRT}{100}=\\frac{2641\\times 3.6\\times 5}{100}=\\$475.38"

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