Question

How much interest is earned on an account if...

Principal = $400
Rate = 8%
Time = 12 months
Answer: $ ---

Answer 1

$32 interest 400x0.08=32. so in 12 months in total its 432 :)

Answer 2

Principal = $400

Rate = 8%

Time = 12 months

Answer:

$32 Interest but total amount after one year is $432