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

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

User Pizzafilms
by
8.3k points

2 Answers

4 votes

Answer:

2,400

Explanation:

I = P x R x T

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

User Nivek
by
8.1k points
6 votes

Answer:

its 2,400

Explanation:

User Yaxita Shah
by
7.5k points
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