Question

How much intrest does a $775 investment earn at 1.47% over 8 years

Answer 1

91.14 $

Explanation:

We know,

Interest = Principle× Rate of Interest× Time

or, 775× 1.47/100× 8

or, 91.14

Therefore, Interest is 91.14 $.

Answer 2

• P=$775
• R=1.47%
• T=8years

`\\ \sf\longmapsto I=(PRT)/(100)`

`\\ \sf\longmapsto I=(775(1.47)(8))/(100)`

`\\ \sf\longmapsto I=(9114)/(100)`

`\\ \sf\longmapsto I=91.14`