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you invested $800 for 2 years at an interest rate of  4.5%. What was the interest earned on your investment?
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you invested $800 for 2 years at an interest rate of  4.5%. What was the interest earned on your investment?

User Jhurshman
by
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1 Answer

5 votes

Answer:

$72

Explanation:

Interest = Principal(Rate)(Time)/100

Interest = $800(2)(4.5)/100

Interest = 7200/100

Interest = $72 (Answer)

User Lubomira
by
8.3k points
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