Question: For the following problem, use the formula 1 = PRT, where I is interest in dollars, P is the principal or loan amount, R is

For the following problem, use the formula 1 = PRT, where I is interest in dollars, P is the principal or loan amount, R is the interest rate, and is the time in years. Find the interest if principal of $3500 is invested at 8% (or 0.085) for four years I=$(Round to the nearest dollar as needed)

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