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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asked Apr 22, 2023 71.4k views

2 Answers

Misha Nasledov · Answer 1 · 2023-04-29T13:01:17+0000

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

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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