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Mia is investing $8,000 into an account that earns simple interest at a rate of 4.5% for 48 months. How much interest will she have earned at the end of the 48 months

Mia is investing $8,000 into an account that earns simple interest at a rate of 4.5% for 48 months. How much interest will she have earned at the end of the 48 months
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Mia is investing $8,000 into an account that earns simple interest at a rate of 4.5% for 48 months. How much interest will she have earned at the end of the 48 months

User Artem Shafranov
by
8.4k points

1 Answer

4 votes

Answer:

2.16

Explanation:

4.5% x 48= 2.16

User Erik Dietrich
by
8.0k points
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