Find the interest on $6,000 at 5% for 8 months. A: $200 B: $2,000 C: $240 D: $2,400

asked Aug 17, 2022 43.9k views

1 vote

Find the interest on $6,000 at 5% for 8 months.

A: $200
B: $2,000
C: $240
D: $2,400

by Cqde

5.2k points

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6 votes

Answer:

A.$200

Explanation:

I = PRT/ 100

P = $6000

R = 5%

T = 8 months = 8/12 = 2/3

I = (6000 × 5 × 2/3) /100

I = 20000 / 100

I = $200

Badr Slaoui answered Aug 22, 2022

5.9k points

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