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15 November, 03:58

Use the simple interest formula to find the ending balance.

$5000 at 5% for 3.5 years.

Round your answer to the nearest cent.

Enter your answer in the box.

+5
Answers (2)
  1. 15 November, 04:25
    0
    I believe it's 5,875.00
  2. 15 November, 04:27
    0
    5000 * 0.05 * 3.5 = 875

    5000 + 875 = 5875

    answer: ending balance $5,875
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