Based on the amount deposited and the interest rate as well as period, she will have $463.75.
Amount in 5 years
Simple interest means that the same interest amount is applied over the entire period of investment.
When using simple interest, you can find the amount as:
= Amount x ( 1 + rate x time)
Solving gives:
= 350 x ( 1 + 6.5% x 5)
= $463.75
In conclusion, she will have $463.75.
Find out more on simple interest at https://brainly.com/question/25793394.
