58.0k views
5 votes
How much interest is earned on a principle of $864.27 invested at an interest rate of 8% for 3 years? Round to the nearest cent

User Valien
by
4.9k points

1 Answer

9 votes

Answer:

the interest =20.74

whereas the total sum=8850(the sum is the nearest cent)

HOPE IT HELPS YOU

How much interest is earned on a principle of $864.27 invested at an interest rate-example-1
User Aniket Jha
by
5.5k points