Question

Mrs. Adams deposited $12,000 into an account that earns an annual simple interest rate of
3.25%. She makes no other deposits or withdrawals.
How much interest will Mrs. Adams have earned at the end of 8 years?
$31,200.00
$3,498.93
$390.00
$3,120.00

Answer 1

is 3,498.93 i thinkg