How much interest is earned on $210 at 8% for 2 years? $3.60 $360 $410 $33.60

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asked Apr 25, 2021 136k views

1 vote

How much interest is earned on $210 at 8% for 2 years?

$3.60
$360
$410
$33.60

Mathematics
high-school

Groundhog asked

by Groundhog

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2 Answers

4 votes

Answer:

$33.60

Explanation:

Yearly interest is $16.80

Ramin Omrani answered Apr 27, 2021

by Ramin Omrani

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3 votes

You would earn $33.60 of interest

Explanation: To find the interest you would multiply 210 by .08 (the percent in its decimal form) by 2 to get 33.60

Suniel answered Apr 29, 2021

by Suniel

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