Question

Beth deposited $4000 in a college fund earning 3.5% interest.

What was the total interest earned at the end of 12 years?

A.
$1,166.67

B.
$1,680.00

C.
$11,666.67

D.
$16,800.00

Answer 1

do you know the equation to find the value of something over time?

Answer 2

3.5% every year for 12 years
For 1 year
4000*(3.5/100)=?
How much money from interest if this happens for 12 years now

Answer 3

4000x12x0.035 = 1680

Answer 4

@alyisnumber1 we try to help the person not give them the answers...

Answer 5

I was just about to say 1680!

Answer 6

thanks!

Answer 7

yes thats correct