Question

Chairs invested $140 she earned a simple interest of 3% per year on the initial investment. If no money was added or removed from the investment what was the amount of interest chairs received at the end of two years. URGENT PLEASE HELP 15pts

Answer 1

$8.40 - simple interest for 2 years

Explanation:

$140 x 3% =

$140 x 3/100 =

$140 x 0.03 =$4.20 - simple interest for 1 year.

$4.2 x 2 =$8.40 - simple interest for 2 years.