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How much interest is earned on $2,078.24 at 0.6% for eight years? $1096.99 $109.96 $199.76 $99.76
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4 votes
How much interest is earned on $2,078.24 at 0.6% for eight years?

$1096.99
$109.96
$199.76
$99.76

User Carole
by
6.1k points

2 Answers

2 votes

Answer:

109.96

Explanation:

I got about 109 so it rounds to 109.96

User Allen Zeng
by
6.4k points
6 votes
The answer is d, 99.76
Explanation
The amount x the number of years
2078.24x8= 16625.92
The total x the interest rate
16625.92 x 0.6%= 99.75552
Estimate
99.75552≈ $99.7
User Misha Nasledov
by
7.0k points
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