Register
Larry wishes to invest $1500. he can invest in an investment club which pays simple interest of 8% for 3 years. what is the amount in his account after three years? A. $1830 B. $1860 C. $5024 D. $1524
67.9k views
1 vote
Larry wishes to invest $1500. he can invest in an investment club which pays simple interest of 8% for 3 years. what is the amount in his account after three years?

A. $1830

B. $1860

C. $5024

D. $1524

User Bjorn Svensson
by
8.0k points

1 Answer

2 votes
First of all we have to find 8% of $1500
1500x8/100=120
Then, 120x3=360
After, 360+1500=1860
Answer is B. $1860
User Adam Waring
by
8.7k points
← Prev Question Next Question →

Related questions

User Chris Peacock
asked Sep 4, 2023 65.6k views
You make 12 equal payments. You pay a total of $1524. How much is each payment.
Chris Peacock asked Sep 4, 2023
by Chris Peacock
7.9k points
2 answers
3 votes
65.6k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!