What is the interest earned on $400 invested at the rate of 6% for one year? Type a numerical answer in the space provided. Do not type spaces in your answer.

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asked Jan 8, 2018 122k views

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What is the interest earned on $400 invested at the rate of 6% for one year? Type a numerical answer in the space provided. Do not type spaces in your answer.

Mathematics
high-school

Vignesh Vino asked

by Vignesh Vino

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2 Answers

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Amount of Interest Earned-$400
--add 6% growth rate
$424 is the Interest Earned in ONE Year.

Mick Cullen answered Jan 10, 2018

by Mick Cullen

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4 votes

the interest earned on $400 at 6% would make it $424 so I would guess the interest earned on year one would be $24

Potato answered Jan 11, 2018

by Potato

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