Question

Harry saved $100 each week for 8 weeks. He earned $48 on his savings of $800. What interest did Harry earn for every $100?

Answer 1

Step-by-step explanation:

In this problem, we know that Harry saved $100 each week for 8 weeks. In other words, he saved a total amount of money:

`\text{Amount of money saved}=8* 100=\$800`

We know that he earned $48 on his savings of $800, so for every $100 the interest (I) he earns is:

`I=(48)/(8)=\$6`

So, in conclusion Harry did earn $6 in interest for every $100