48.8k views
1 vote
Interest compounded 8 percent of $3000.what is amount in year.

1 Answer

3 votes
If you would like to solve 8 percent of $3000, you can do this using the following steps:

8 percent of $3000 = 8% * $3000 = 8/100 * 3000 = 8 * 30 = $240

The correct result would be $240.
User Jljohnstone
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories