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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

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
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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

User Garrett R
by
8.6k points

2 Answers

4 votes
30.80 is the correct answer
User Nick Chapsas
by
7.4k points
6 votes

Answer:

$ 30.80

Explanation:

SIMPLE interest =

2566.45 * .004 * 3 = 30.80

User Jackson Allan
by
7.9k points
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