asked 34.3k views
2 votes
The amount of interest earned on a savings account varies directly with the amount of money saved. If $208 in interest is earned on $6,500 of savings, how much interest will be earned on $8,000 of savings over the same time period? $224 $240 $256 $272

asked
User Berwyn
by
8.3k points

1 Answer

3 votes
The interest amount goes up by the same factor as the savings amount.
.. interest = 208*(8000/6500) = 256

The 3rd selection is appropriate.
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