How much interest is earned on $2,566.45 at 0.4% for three years? 3.80 300.80 30.80 None of the above

QAmmunity.org

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Jgerman asked Mar 15, 2023

279,690 views

26 votes

How much interest is earned on $2,566.45 at 0.4% for three years?

3.80
300.80
30.80
None of the above

Mathematics
middle-school

Jgerman asked Mar 15, 2023

by Jgerman

3.3k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

2 Answers

9 votes

30.80 is the correct answer

Pantaloons answered Mar 16, 2023

by Pantaloons

3.0k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

20 votes

Answer:

$ 30.80

Explanation:

SIMPLE interest =

2566.45 * .004 * 3 = 30.80

Hippout answered Mar 21, 2023

by Hippout

2.6k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

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

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

2 Answers

0 Comments

Your comment on this answer:

0 Comments

Your comment on this answer:

Other Questions