Answer:P is the principal amount, $5000.00.
r is the interest rate, 3.5% per year, or in decimal form, 3.5/100=0.035.
t is the time involved, 5....year(s) time periods.
So, t is 5....year time periods.
To find the simple interest, we multiply 5000 × 0.035 × 5 to get that:
The interest is: $875.00
Step-by-step explanation:I=P×r×t
I hope this helps
