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How much simple interest will sean earn of $200 if he invest it for 3 years at 8% interest? ​

How much simple interest will sean earn of $200 if he invest it for 3 years at 8% interest? ​
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4 votes
How much simple interest will sean earn of $200 if he invest it for 3 years at 8% interest? ​

User Aref Riant
by
7.7k points

1 Answer

3 votes

Answer:

$48

Explanation:

He will earn $16 interest for one year. After 3 years, that will triple to $48

User Jcolino
by
8.6k points
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