brandyn9921 brandyn9921

19-05-2020
Mathematics

contestada

Kristina received $125 for her birthday. Her parents offered to pay her 3.5% simple interest per year if she would save it for at least one year. How much interest could Kristina earn?

Respuesta :

Aliwohaish12 Aliwohaish12

19-05-2020

Answer:

4.375 a year

Step-by-step explanation:

The formula is

Interest earned= principal ×interest rate×time

I=125×0.035×1=4.375

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