Joy invests $5,000 into an account at an annual rate of 0.4% simple interest for 36 months. 1) What is the Principal in this scenario?   3 0.4 % 0.004 $5,000   2) What is the interest rate for this account?   3 0.004 0.4 % $5,000   3) What number do you use to represent the interest rate in the simple interest formula?   0.4 % 0.004 3 $5,000   4) What is the length of time of this investment, in years?   $5,000 0.4 % 0.004 3   5) Calculate the simple interest earned on this account.

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