Question

How much interest would be earned on a $3,200 deposit at 3.5% for 1 year?

Answer 1

Answer:

Hey there!

I=PRT

I=3200(0.035)(1)

I=112

The interest is 112 dollars.

Hope this helps :)

Answer 2

Answer:

$112.

Step-by-step explanation:

3 5% = 0.035

So that is 3200(1 + 0.035) = 3312.

So the interest earned = 3312 - 3200 = 112.