Register

You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?

You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?
149k views
4 votes
You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?

User Andrewtc
by
8.2k points

1 Answer

3 votes

Answer: $48

Explanation:

Principal×Rate×Time

$300×2/100×8yrs

User SarpErdag
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
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?
Link Copied!