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

User James Pearce
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1 Answer

8 votes
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! :)
User Corey Levinson
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