224,972 views
34 votes
34 votes
How much interest is earned on an account if...

Principal = $400
Rate = 8%
Time = 12 months
Answer: $ ---

User Conmen
by
2.6k points

2 Answers

23 votes
23 votes
$32 interest 400x0.08=32. so in 12 months in total its 432 :)
User Msell
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2.6k points
22 votes
22 votes

Principal = $400

Rate = 8%

Time = 12 months

Answer:

$32 Interest but total amount after one year is $432

User MrBens
by
2.8k points