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02-02-2022
Mathematics

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$35,000 at 2% for 9 years. ending balance and interest

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02-02-2022

Answer:

[tex]Solution[/tex]

Here,

[tex]Principle(p)=$35000\\Rate(r)=2%\\\\Time(t)=9 years[/tex]

[tex]Now, Interest(I)=\frac{PTR}{100}[/tex]

[tex]=\frac{35000*2*9}{100}\\= $3600[/tex]

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