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How much interest is earned on a principle of $864.27 invested at an interest rate of 8% for 3 years? Round to the nearest cent

How much interest is earned on a principle of $864.27 invested at an interest rate of 8% for 3 years? Round to the nearest cent
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How much interest is earned on a principle of $864.27 invested at an interest rate of 8% for 3 years? Round to the nearest cent

asked
User Valien
by
9.0k points

1 Answer

9 votes

Answer:

the interest =20.74

whereas the total sum=8850(the sum is the nearest cent)

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How much interest is earned on a principle of $864.27 invested at an interest rate-example-1
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User Aniket Jha
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