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$300 at 0.7% interest for 8 years What is the interest? What is the new balance?

$300 at 0.7% interest for 8 years What is the interest? What is the new balance?
asked 106k views
4 votes
$300 at 0.7% interest for 8 years
What is the interest?

What is the new balance?

asked
User Geir Bostad
by
8.4k points

2 Answers

9 votes
Interest would be $17.21 :)
answered
User Adam Link
by
8.2k points
13 votes
At the end of 8 years, your savings will have grown to $317.
You will have earned in $17.21 in interest.
i hope this helped!
answered
User Chweng Mega
by
7.5k points
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