Question

Charis invested $140. She earned a simple interest of 3% per year on the initial investment. If no money was added or removed from the investment, what was the amount of interest Charis received at the end of two years?

A
$4.20\$ 4.20$4.20

Answer 1

All you would need to do is multiply $140 by 3% and you would get $4.20 step by step 140x0.3=4.20 or 140x3%=4.20