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Use the simple interest formula, I = prt, to find the simple interest:

Julia invested $4,000 in a mutual fund with the simple interest rate of 3.5% per year. How much interest would she earn after 2 years?

A.
$140

B.
$280

C.
$1,400

D.
$2,800

Respuesta :

Answer:

Step-by-step explanation:

since you are already given the formula just plug in the numbers.

the only tricky part is r=rate must be in decimal form!!!

I=4,000(.035)(2)

I=280 (answer)

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