Question

Bobbie invested $140 from her birthday money. She earned a simple interest of 3% per year on

her investment. What was the amount of interest Bobbie received at the end of two years?

Answer 1

bobbie recieved the interest of $8.40 per year

Explanation:

140 x .03 = $4.20

$4.20 per year

2 x 4.20 = 8.40