How much interest is earned in 8 months if $6000 is invested at an 5% annual interest rate? $240 $2,000 $200 $2,400

asked Jan 2, 2022 56.8k views

2 votes

How much interest is earned in 8 months if $6000 is invested at an 5% annual interest rate?

$240
$2,000
$200
$2,400

3.4k points

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4 votes

Answer:

2,400

Explanation:

I = P x R x T

I = 6,000 x (5%) (8 months)

Nivek answered Jan 5, 2022

by Nivek

3.2k points

6 votes

Answer:

its 2,400

Explanation:

Yaxita Shah answered Jan 6, 2022

3.1k points

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