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How much interest is made on $500 at 8% for 3 years? $120 $12 $1200 $150

How much interest is made on $500 at 8% for 3 years? $120 $12 $1200 $150
68.1k views
2 votes
How much interest is made on $500 at 8% for 3 years?
$120
$12
$1200
$150

User Grambo
by
8.7k points

2 Answers

5 votes
500 x 0.08= 40
For 3 years
40x3= $120
User TheFrack
by
8.4k points
6 votes

Answer:

120

Explanation:

I hope this helps you :)

User PokeLu
by
7.6k points
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