Register

How much interest is earned on a principal of $900 invested at an interest rate of 7% for eight years?

How much interest is earned on a principal of $900 invested at an interest rate of 7% for eight years?
8.7k views
1 vote
How much interest is earned on a principal of $900 invested at an interest rate of 7% for eight years?

User Neetesh Dadwariya
by
8.0k points

1 Answer

2 votes

Answer: $504

Explanation:

Use I=Prt

I=900(0.07)(8)

I=504

$504

User Aldwin
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
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

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!