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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:

$280

Step-by-step explanation:

I=PRT/100

I=$4,000×3.5×2/100

28,000/100

280

The interest after 2years is $280