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You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?

You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?
asked 149k views
4 votes
You invest $300 in an account for 8 years that earns 2% simple interest. How much Interest will you have?

asked
User Andrewtc
by
8.2k points

1 Answer

3 votes

Answer: $48

Explanation:

Principal×Rate×Time

$300×2/100×8yrs

answered
User SarpErdag
by
8.2k points
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