# Use the simple interest formula, I = prt, to find the simple interest: Julia invested $4,000.00 in a mutual fund with the simple interest rate of 3.5% per year.

Mathematics
tamonjones

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Question

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

Julia invested $4,000.00 in a mutual fund with the simple interest rate of 3.5% per year. How much interest would she earn after 2 years?

Julia invested $4,000.00 in a mutual fund with the simple interest rate of 3.5% per year. How much interest would she earn after 2 years?