Determine the amount of interest paid on a $35000 investment that pays 10% per year, simple interest for a) 125 days b) 8 months c) 4 years

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 66E
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Determine the amount of interest paid on a
$35000 investment that pays 10% per year, simple interest for
a) 125 days
b) 8 months
c) 4 years

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