You invested $800 for 2 years at an interest rate of 4.5%. What was the interest earned on your investment?

Question

asked Jul 17, 2022 185k views

1 Answer

Lubomira · Answer 1 · 2022-07-23T20:31:11+0000

Answer:

$72

Explanation:

Interest = Principal(Rate)(Time)/100

Interest = $800(2)(4.5)/100

Interest = 7200/100

Interest = $72 (Answer)