SOLUTION: Compute the amount of interest earned in the following simple interest problem. A deposit of $800 at 3.5% for 7 years =

SOLUTION: Compute the amount of interest earned in the following simple interest problem. A deposit of $800 at 3.5% for 7 years =

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Question 956957: Compute the amount of interest earned in the following simple interest problem. A deposit of $800 at 3.5% for 7 years =
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
800(1+.035)^7
800*1.035^7
800*1.2723=$1,017.82 ans.
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