Question

Aubree invests money in an account paying simple interest. She invests $30 and no

money is added or removed from the investment. After one year, she has $32.40.
What is the simple percent interest per year?

Answer 1

8%

Explanation:

$30 divided by 100= 0.3/1%

0.3x8=$2.40

$30+$2.4=32.40