Find the simple interest if you invest $568 at 16% for 8 months.

Question

asked Apr 8, 2022 45.2k views

1 Answer

Corey Levinson · Answer 1 · 2022-04-12T04:53:03+0000

Ello! The answer is $60.59, because if you do

568x 0.16x 0.666667 = 60.58669696

Now, you obviously can’t type out all those numbers so you simplify which gets you 60.59!

I hope this helps you! :)

Find the simple interest if you invest $568 at 16% for 8 months.

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions