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OpenStudy (anonymous):
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
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OpenStudy (anonymous):
do you know the equation to find the value of something over time?
OpenStudy (dan815):
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
OpenStudy (anonymous):
4000x12x0.035 = 1680
OpenStudy (anonymous):
@alyisnumber1 we try to help the person not give them the answers...
OpenStudy (anonymous):
I was just about to say 1680!
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OpenStudy (anonymous):
thanks!
OpenStudy (anonymous):
yes thats correct
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